The Psychology of Money

It is very rare to find a book you like, written in a style you like, published in a way you like. Morgan Housel’s The Psychology of Money is one of those rare books.

It’s not only a validation of my own approach to money — stay out of debt, live below your means, save as much as you can, take a long view, let compounding do its magic over time — it’s also written in opposition to the “one long slow idea book.”

In a conversation with Ryan Holiday, Housel said the book was rejected everywhere and that his agent had to fire herself because she couldn’t sell it. He said he went with Harriman House because they were the only publisher that would take it. (I’d never even heard of them.) They’re doing the free download with purchase of a physical copy thing that record companies have been doing for years, but publishers still resist. It’s now sold over two million copies!