Your Beliefs Are Costing You Money! | The Psychology of Money Chapter 18 in Tamil

📌 The Psychology of Money – Chapter 18 Explained in Tamil

In this video, we explore Chapter 18 of The Psychology of Money by Morgan Housel, where the author beautifully explains how the stories we believe shape our financial world more than the facts themselves.

💭 In 2007, the U.S. economy was booming.
By 2009, it had lost $16 trillion and over 10 million jobs.
What changed? The story people believed about the economy — not the fundamentals.

We often make money decisions based on beliefs, not truths.
And two powerful psychological traps drive this:

1️⃣ The more we want something to be true, the more we’ll believe it is true.
Just like the story of Ali Hajaji’s son — who endured pain because he believed it was necessary — investors too convince themselves of “comfortable lies” when chasing profits.

2️⃣ We fill the gaps in our knowledge with made-up certainty.
Some see Gandhi as a hero, others as a villain — because people absorb information that fits what they already believe. The same happens in finance: we create stories to feel in control, even when we’re not.

💡 Accepting uncertainty is a skill.
Because once we stop forcing a story to make sense, we start making wiser financial decisions.

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## 🎯 In this video, you’ll learn:

* Why stories and beliefs shape our financial behavior
* How “wanting something to be true” clouds our judgment
* Why humans hate uncertainty — and how it affects investments
* The psychology behind false confidence in finance
* How to think clearly when everyone else is believing a story

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🙏 Disclaimer:
If I have misunderstood or misinterpreted any part of the book, I sincerely apologize. I’m only sharing what I understood with the intention of helping others.

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