Hey everyone! As someone deeply interested in financial wisdom and personal growth, I am always seeking insightful reads.
Morgan Housel, a renowned financial writer and author, has shared a list of books that have significantly influenced his thinking and approach to finance and life.
This collection of books Morgan Housel recommends is a treasure trove for anyone looking to broaden their understanding of wealth, decision-making, and human behavior [2].
Let’s dive into Morgan Housel’s top picks!
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Who is Morgan Housel?
Morgan Housel is a partner at Collaborative Fund and the author of The Psychology of Money. With a background in writing for The Motley Fool and The Wall Street Journal, he’s known for distilling complex financial concepts into relatable and thought-provoking narratives [1]. His book recommendations reflect his deep understanding of human psychology and finance.
Books Morgan Housel Recommends:
Book #1: Thinking, Fast and Slow by Daniel Kahneman
Morgan highlights this book as a powerful first-hand account of the economic hardships during the Great Depression.
Roth’s diary entries provide a raw and insightful perspective on how ordinary people navigated one of the most challenging periods in American history.
This book is a must-read for understanding the impact of economic crises on human behavior and society.
Book #2: Man’s Search for Meaning by Viktor E. Frankl
Housel considers this book a timeless classic that delves into the stories behind some of the most significant moments in American business history.
Each chapter offers a unique lesson in business strategy, decision-making, and human nature.
This book is a valuable resource if you’re looking to learn from past business successes and failures.
Book #3: The Black Swan: The Impact of the Highly Improbable by Nassim Nicholas Taleb
Frankl’s profound exploration of finding purpose even in the darkest times resonates deeply with Morgan.
The book offers valuable insights into resilience and the human spirit’s capacity to endure and find meaning.
This book can guide you in understanding the importance of purpose and perspective in life.
Book #4: The Intelligent Investor by Benjamin Graham
Graham’s classic on value investing is a staple in Morgan Housel’s recommended reading list.
The principles of long-term investment strategy and risk management outlined in this book are as relevant today as ever.
For anyone serious about investing, this book is essential.
Book #5: The Art of Thinking Clearly by Rolf Dobelli
Housel appreciates this book’s sweeping narrative of human history, offering insights into how our species has evolved.
Harari’s exploration of human behavior and societal development aligns with Housel’s interest in psychology and finance.
This book is perfect for those interested in understanding the bigger picture of human evolution and its impact on modern society.
Book #6: Sapiens: A Brief History of Humankind by Yuval Noah Harari
Kahneman’s exploration of the two thinking systems has significantly influenced Housel’s understanding of decision-making processes.
The book delves into the biases and heuristics that shape our judgments.
This book is crucial for anyone looking to improve their decision-making skills.
Book #7: Poor Charlie’s Almanack by Charlie Munger
Housel recommends this book for its practical advice on avoiding cognitive errors.
Dobelli’s clear and concise explanations make it easy to understand and apply the lessons in everyday life.
This book is a great guide to improving your critical thinking and avoiding common mental traps.
Book #8: Fooled by Randomness by Nassim Nicholas Taleb
Munger’s compilation of speeches and essays is a favorite of Housel’s.
The book is packed with wisdom on business, investing, and life, offering a rare glimpse into the mind of one of the greatest investors of our time.
This book is invaluable if you’re looking for timeless advice on success and decision-making.
Book #9: The Little Book of Common Sense Investing by John C. Bogle
Taleb’s exploration of the role of luck and randomness in life resonates with Housel’s views on risk and uncertainty.
The book challenges conventional wisdom and encourages readers to think critically about the world around them.
This book is essential for understanding the unpredictable nature of life and markets.
Book #10: Your Money or Your Life by Vicki Robin and Joe Dominguez
Housel admires this book for its deep dive into Warren Buffett’s investment strategies and philosophy.
The book offers practical lessons on value investing and financial management.
The book is an excellent starting point for anyone seeking to replicate Buffett’s success.
Book #11: Antifragile: Things That Gain from Disorder by Nassim Nicholas Taleb
Taleb’s concept of antifragility, or the ability to thrive in chaos, is something Housel finds particularly relevant in today’s world.
The book provides a fresh perspective on how to approach risk and uncertainty.
This book can help you develop resilience and adapt to life’s challenges.
Book #12: The Warren Buffett Way by Robert G. Hagstrom
Housel recommends this book for its straightforward advice on investing.
Bogle, the founder of Vanguard, advocates for low-cost index funds as a sound investment strategy.
This book is perfect for anyone looking to build a solid foundation in investing.
Book #13: The Psychology of Money by Morgan Housel
Housel is a fan of Taleb’s exploration of rare, unpredictable events and their outsized impact on the world.
The book challenges readers to rethink their understanding of risk and uncertainty.
This book is a must-read for understanding the role of randomness in our lives.
Book #14: The Millionaire Next Door by Thomas J. Stanley and William D. Danko
Manson’s no-nonsense approach to life resonates with Housel’s philosophy of focusing on what truly matters.
The book encourages readers to prioritize their values and let go of unnecessary worries.
This book is a refreshing take on personal development and living authentically.
Book #15: How to Win Friends and Influence People by Dale Carnegie
Housel finds Graeber’s historical analysis of debt fascinating and thought-provoking.
The book explores the origins of debt and its role in shaping societies throughout history.
This book is ideal for those interested in the intersection of history, economics, and anthropology.
Book #16: The Almanack of Naval Ravikant by Eric Jorgenson
Collins’ straightforward approach to financial independence is something Housel appreciates.
The book provides practical advice on saving, investing, and building wealth over time.
This book is a great resource for anyone looking to achieve financial freedom.
Book #17: The Most Important Thing: Uncommon Sense for the Thoughtful Investor by Howard Marks
Housel recommends this book for its insights into how habits are formed and how they can be changed.
Duhigg’s research offers valuable lessons on the power of routine in shaping our lives.
This book is perfect for those looking to harness the power of habits for personal growth.
Book #18: Security Analysis by Benjamin Graham and David Dodd
Housel finds this book’s exploration of the habits and traits of wealthy individuals particularly insightful.
The book challenges common misconceptions about wealth and provides practical advice for building financial security.
This book is a must-read for anyone interested in understanding the true nature of wealth.
Book #19: The Richest Man in Babylon by George S. Clason
Dalio’s principles for life and work have had a profound impact on Housel’s approach to decision-making and leadership.
The book offers a unique blend of autobiography and practical advice.
This book is essential for anyone looking to develop a principled approach to life and business.
Book #20: The Power of Habit: Why We Do What We Do in Life and Business by Charles Duhigg
Housel appreciates Diamond’s exploration of the factors that have shaped human history.
The book provides a comprehensive overview of how geography, biology, and culture have influenced the development of civilizations.
This book is ideal for those interested in understanding the forces that have shaped our world.
Book #21: Mastering the Market Cycle: Getting the Odds on Your Side by Howard Marks
Housel finds Lewis’s account of the 2008 financial crisis both gripping and enlightening.
The book offers a detailed look at the events leading up to the crisis and the individuals who saw it coming.
This book is a must-read for anyone interested in understanding the complexities of the financial system.
Book #22: Rationality: From AI to Zombies by Eliezer Yudkowsky
Housel recommends this book for its holistic approach to financial independence.
The book encourages readers to rethink their relationship with money and focus on what truly matters in life.
This book is perfect for those looking to achieve financial freedom and live a more meaningful life.
Book #23: Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones by James Clear
Finally, Housel’s book offers a unique perspective on the role of psychology in financial decision-making.
The book combines stories and research to explore how our attitudes toward money shape our financial outcomes.
This book is a must-read for anyone looking to improve their financial mindset.
Common Follow-Up Questions:
What is Morgan Housel’s area of expertise?
Morgan Housel is an expert in behavioral finance, investing, and storytelling.
He integrates historical perspectives and psychological insights to provide valuable lessons applicable to both personal finance and life decisions.
He is a partner at Collaborative Fund, a venture capital firm focused on investments that benefit both personal and social good. Housel is also the author of the bestselling book The Psychology of Money.
Why should I read these books Morgan Housel recommends?
Each of these books has had a significant impact on Morgan Housel’s thinking, offering valuable lessons on finance, decision-making, and life in general.
Reading them will provide you with a deeper understanding of these topics and help you apply these insights to your own life.
Where can I find more information about Morgan Housel’s ventures?
You can find more information on his official website morganhousel.com, the Collaborative Fund’s website, and his LinkedIn profile at linkedin.com/in/morganhousel.
He also shares his insights through various articles, interviews, and podcasts available on multiple financial and business platforms.
Conclusion
Morgan Housel’s recommended reading list offers a wealth of knowledge and insights that can empower your journey in finance, decision-making, and life.
Whether you’re looking to build wealth, understand human behavior, or simply broaden your horizons, these books are a great
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References:
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- Housel, M. (n.d.). Home. Retrieved from https://www.morganhousel.com/home
- Housel, M. (2023, September 22). 23 Books That Changed My Life. Collabfund Blog. Retrieved August 9, 2024, from https://collabfund.com/blog/23-books-that-changed-my-life/
