Little book, big profits....
Here is a detailed guide to overcoming the most frequently encountered psychological pitfalls of investing.
Bias, emotion, and overconfidence are just three of the many behavioral traits that can lead investors to lose money or achieve lower returns. Behavioral finance, which recognizes that there is a psychological element to all investor decision-making, can help you overcome this obstacle.
In The Little Book of Behavioral Investing, expert James Montier, one of the world's foremost behavioral analysts, takes you through some of the most important behavioral challenges faced by investors. Montier reveals the most common psychological barriers, clearly showing how emotion, overconfidence, and a multitude of other behavioral traits, can affect investment decision-making. This book:
Written in a straightforward and accessible style, The Little Book of Behavioral Investing will enable you to identify and eliminate behavioral traits that can hinder your investment endeavors and show you how to go about achieving superior returns in the process.
©2010 James Montier (P)2010 Gildan
I'm a lawyer and mediator. I represent businesses in disputes with their insurers and in other complex litigation. I also assist machinery companies and manufacturers (primarily international) with equipment sales, non-disclosure agreements, and business issues. I also mediate commercial disputes.
"I'd Heard a Lot of this Before, But ..."
If you have studied human behavior, there is a lot in here that you already know. The author does a really good job of applying it to investing, and showing how you can stop being your own worst enemy.
"One of the best investing books"
Best uses of a credit in ages, really enjoyed this book. It covers the modern way of investing.
"Intryguing, funny, suprisignly good."
To be honest, I wasn't expecting anything much from the book. Was I positevly suprised once listened to it for the first time.
Although it is just 5 hours read, I enjoyed it really a lot. There are several quizes along the way which made me laugh.
Overall, if you look for a easy implementaion and introduction of behavioral psyhology, this is a really good book to start with.
"Hard to follow narration"
The narration is very difficult to follow. It is like a stutter. Needs to be redone.
"Learn how to combat your biggest challenge: You"
It takes principles of behavioral psychology (such as cognitive biases and distortions) and applies it to investments. How can we learn about our natural thought processes to improve our investments, and prevent ourselves from sabotaging our own results. This might be the best book of the Little Book series for investors... I highly recommend it.