03/05/2025
Like so many, I watched the announcement of North American tariffs and counter-tariffs roll through news reports, with reporters trying to capture the public reaction, as well as analysts offering different projections and opinions.
As someone with an interest in emotion, I noticed a range of emotions on display including fear, anxiety, surprise and anger (to name a few). I was also reminded of Morgan Housel’s premise in The Psychology of Money, that whether people want to admit it or not, people make decisions based on emotions. How well we are aware of, and manage our emotional impulses can make a significant difference in the decisions we make, and ultimately our own success.
For those interested, a summary of Housel’s book is available here: https://lnkd.in/gFe_uAGZ
The biggest value of money isn’t to buy luxury goods but to gain control over your time and life – the ultimate form of freedom. Morgan Housel’s Psychology of money is a must-read for anyone who wants to make smarter financial decisions and have a better relationship with money.
