The Psychology of Money focuses on developing financial soft skills that are crucial when it comes to investing and money. The author believes financial success is not a hard science but rather a soft skill – where how you behave is more important than what you know.
Some of the soft skills of investing covered include the ability to survive volatility in stock market prices, learning not to chase gains, understanding how to tailor your investments to your individual needs, recognising your circle of competence, preparing mentally for black swan events and developing the ability to resist the human bias towards pessimism.
Best for: Learning human psychology and its relation to money. The Psychology of Money will help you develop psychological soft skills to improve your ability to beat the stock market.