See guys this book is for those who have had a lot of Thier skin in the game of stock market and thought of creating wealth from it.
First level of investor is the one who knows money can be made in the mkt, but doesn't know how and starts to trade without any knowledge.
Second level investor have made profit or loss on his capital and starts to find out where did he has gone wrong and starts learning about some basic concepts such as PE ratio.
Third level of investor starts finding value in whatever the scrip he has been following and starts finding justification that it is costly or cheap and buy or sell them.
Fourth level investor follows and checks if the price have gone up or not very often and loses faith if it doesn't go up after he bought it, and if price doesn't go up he sells it and looks for another one.in a short span of months. Again goes back to drawing board and finds what went wrong.
Then come the whole talk of buffetology and starts to find companies like that and invest in them if he felt that it was cheap.
But everyone forgets that buffet is buffet because of his principles and patience which helped him in compounding for very long time such as 70-80 years which very few do it. That's when actually psychology matters and thats what Morgan tries to tell us in this book that more that analysis of the scrip, conviction that you calculated and the patience to hold it at least for several decades remains intact only then the wealth would be created or else you would be just a person among a crowd doing nothing but ordinary things in life. And explains that the world is actually big and we are just a blip in it. It gives us all a great humility and convinces us to be humble and show gratitude to others.
The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness
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Top reviews from India
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Reviewed in India on 29 September 2020
First level of investor is the one who knows money can be made in the mkt, but doesn't know how and starts to trade without any knowledge.
Second level investor have made profit or loss on his capital and starts to find out where did he has gone wrong and starts learning about some basic concepts such as PE ratio.
Third level of investor starts finding value in whatever the scrip he has been following and starts finding justification that it is costly or cheap and buy or sell them.
Fourth level investor follows and checks if the price have gone up or not very often and loses faith if it doesn't go up after he bought it, and if price doesn't go up he sells it and looks for another one.in a short span of months. Again goes back to drawing board and finds what went wrong.
Then come the whole talk of buffetology and starts to find companies like that and invest in them if he felt that it was cheap.
But everyone forgets that buffet is buffet because of his principles and patience which helped him in compounding for very long time such as 70-80 years which very few do it. That's when actually psychology matters and thats what Morgan tries to tell us in this book that more that analysis of the scrip, conviction that you calculated and the patience to hold it at least for several decades remains intact only then the wealth would be created or else you would be just a person among a crowd doing nothing but ordinary things in life. And explains that the world is actually big and we are just a blip in it. It gives us all a great humility and convinces us to be humble and show gratitude to others.
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world is actually big and we are just a blip in it
By MCube_slade on 29 September 2020
See guys this book is for those who have had a lot of Thier skin in the game of stock market and thought of creating wealth from it.By MCube_slade on 29 September 2020
First level of investor is the one who knows money can be made in the mkt, but doesn't know how and starts to trade without any knowledge.
Second level investor have made profit or loss on his capital and starts to find out where did he has gone wrong and starts learning about some basic concepts such as PE ratio.
Third level of investor starts finding value in whatever the scrip he has been following and starts finding justification that it is costly or cheap and buy or sell them.
Fourth level investor follows and checks if the price have gone up or not very often and loses faith if it doesn't go up after he bought it, and if price doesn't go up he sells it and looks for another one.in a short span of months. Again goes back to drawing board and finds what went wrong.
Then come the whole talk of buffetology and starts to find companies like that and invest in them if he felt that it was cheap.
But everyone forgets that buffet is buffet because of his principles and patience which helped him in compounding for very long time such as 70-80 years which very few do it. That's when actually psychology matters and thats what Morgan tries to tell us in this book that more that analysis of the scrip, conviction that you calculated and the patience to hold it at least for several decades remains intact only then the wealth would be created or else you would be just a person among a crowd doing nothing but ordinary things in life. And explains that the world is actually big and we are just a blip in it. It gives us all a great humility and convinces us to be humble and show gratitude to others.
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Reviewed in India on 20 September 2020
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Reviewed in India on 17 October 2020
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Reviewed in India on 2 October 2020
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It's Not a Book Review.....Its'a Quality of Printing Issue with the Book I received
By Raj on 2 October 2020
As you can see the photos the book has not been Printed Properly, the Book is Sort of Torn in the Middle..Not Happy with Book copy.....Book Review I will update later after Reading
By Raj on 2 October 2020
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Reviewed in India on 25 May 2021
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Don’t fall for price
By Amit singla on 25 May 2021
Look at the printing quality. Paper is also not at all good. Don’t fall for the cheap price. You will waste your time and money.
By Amit singla on 25 May 2021
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Reviewed in India on 19 December 2020
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Recieved a pirated copy with no invoice
By bmathe on 19 December 2020
Opened the book and the kerosene smell was unbearable. Looked for the invoice but it was not in the packet!. Pathetic quality paper and printing refer the attached images. The seller of the book was PrathamVir Book Store. Returned the Book.
By bmathe on 19 December 2020
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Top reviews from other countries
Raissouni
I wish if I have read this book 20 years ago!!
Reviewed in the United Kingdom on 11 December 2020Verified Purchase
L. Ryan
Written just for men!
Reviewed in the United Kingdom on 9 December 2020Verified Purchase
Okenna
An instant favourite
Reviewed in the United Kingdom on 22 December 2020Verified Purchase
Striver
On the Ball
Reviewed in the United Kingdom on 26 September 2020Verified Purchase
On the Ball
Reviewed in the United Kingdom on 26 September 2020
Housel is on the ball with this book. Worth re-reading a few times .Reviewed in the United Kingdom on 26 September 2020
Favorite concept:
"Every bit of savings is like taking a point in the future that would have been owned by someone else and giving it back to yourself" - That's priceless advice from Morgan.
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Amazon Customer
Short and sweet
Reviewed in the United Kingdom on 5 July 2021Verified Purchase