Book
Housel M. The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness. Hampshire: Harriman House; 2020. 256 p.
Why we cite it
Provides the patience-and-compounding framework applied to financial behavior: the idea that consistent small actions compound silently over long time horizons, that checking results too frequently introduces noise that undermines commitment, and that the most powerful financial outcomes come from sustained patience rather than brilliance. These principles map directly onto health behavior change — small daily food choices compound, frequent weigh-ins introduce discouraging noise, and patience is the primary requirement for long-term results.
About the author
Morgan Housel is a partner at The Collaborative Fund and a former columnist at The Motley Fool (2007–2016). BA in Economics from the University of Southern California. Two-time winner of the Best in Business Award from the Society of American Business Editors and Writers, two-time finalist for the Gerald Loeb Award. Not a scientist but a financial writer who distills behavioral insights about money, patience, and compounding into accessible frameworks. Books have sold over 11 million copies across 60+ languages.
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