Wolf Review(The Art of Spending-Simple Choices for a Richer Life by Morgan Housel)
(Contents) The Art of Spending Money by New York Times Best Seller, Morgan Housel , is another popular title following his highly successful book, The Psychology of Money . The author’s new book starts with the recollection of his teenage years. In one occasion, he was working for a high-end furniture fair. Many affluent people came, given the fair was targeting those who can pay for such fine home furnishings. He overheard a gentleman who spent $21,000 on an armchair that gave him no pleasure. He was complaining about how uncomfortable the chair sat. That encounter struck him; having money is good, but the wisdom in spending that money plays an important part in making one happy. Why did the man spend $21,000 on a chair he disliked? That puzzled him greatly. In the first chapter, All Behavior Makes Sense With Enough Information . Through the eyes of the third party, we always know how best the person should spend their money. We are always guided by our own personal experience and ci...