Morgan Housel’s The Psychology of Money is a book about behaviour, not about spreadsheets. His claim is that doing well with money is a soft skill. It is how you behave, not what you know. A person can know every formula and still go broke, because the decisions that matter are made under pressure, envy, fear and boredom. The book is nineteen short stories about that.

Housel writes in chapters that can be read alone. They are not alone. They add up to one argument: your experience of money is not the experience of money, and the gap between the two is where people get hurt. What follows walks the chapters the book is known for.