This collection brings together reading on human behavior, decision making, and the mental aspects of managing wealth. Understanding the mechanics of the brain is an important requirement for navigating financial markets.
These books explore how cognitive biases, social influence, and a poor grasp of probability can lead to irrational choices. They help to learn to identify blind spots, recognize market traps, and develop a more disciplined approach to investing.
The intersection of psychology and economics teaches us that financial success is rarely just about mathematical formulas. Instead, it relies heavily on emotional control, patience, and a clear understanding of the hidden forces that drive human actions.
Morgan Housel - The Psychology of Money
Nassim Nicholas Taleb - Fooled by Randomness
CIALDINI, Robert B., 2021. Influence, New and Expanded: The Psychology of Persuasion. Expanded ed. edition. New York: Harper Business. ISBN 978-0-06-293765-0.
HOUSEL, Morgan, 2020. The Psychology of Money: Timeless lessons on wealth, greed, and happiness. Petersfield: Harriman House. ISBN 978-0-85719-768-9.
TALEB, Nassim Nicholas, 2005. Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets. New York: Random House Trade Paperbacks. ISBN 978-0-8129-7521-5.