The Behavioral Investor

By: Daniel Crosby

Narrated by: Matthew R. Doyle

Length: 8 hrs and 23 mins

Publisher's Summary

From the New York Times best-selling author of the book named the best investment book of 2017 comes The Behavioral Investor, an applied look at how psychology ought to inform the art and science of investment management. 

In The Behavioral Investor, psychologist and asset manager Dr. Daniel Crosby examines the sociological, neurological, and psychological factors that influence our investment decisions and sets forth practical solutions for improving both returns and behavior. Listeners will be treated to the most comprehensive examination of investor behavior to date and will leave with concrete solutions for refining decision-making processes, increasing self-awareness, and constraining the fatal flaws to which most investors are prone. 

The Behavioral Investor takes a sweeping tour of human nature before arriving at the specifics of portfolio construction, rooted in the belief that it is only as we come to a deep understanding of “why” that we are left with any clue as to “how” we ought to invest. The book is comprised of three parts, which are as follows: 

Part One - An explication of the sociological, neurological, and physiological impediments to sound investment decision-making. Listners will leave with an improved understanding of how externalities impact choices in nearly imperceptible ways and begin to understand the impact of these pressures on investment selection.

Part Two - Coverage of the four primary psychological tendencies that impact investment behavior. Although human behavior is undoubtedly complex, in an investment context our choices are largely driven by one of the four factors discussed herein. Listeners will emerge with an improved understanding of their own behavior, increased humility, and a lens through which to vet decisions of all types. 

Part Three - Illuminates the “so what” of Parts One and Two and provides a framework for managing wealth in a manner consistent with the realities of our contextual and behavioral shortcomings. Listeners will leave with a deeper understanding of the psychological underpinnings of popular investment approaches such as value and momentum and appreciate why all types of successful investing have psychology at their core.

Wealth, truly considered, has at least as much to do with psychological as financial well-being. The Behavioral Investor aims to enrich listeners in the most holistic sense of the word, leaving them with tools for compounding both wealth and knowledge.

©2018 Harriman House (P)2019 Harriman House

Great listen

Great supplement reads to Thinking Fast and Slow, as well as The Psychology of Money

Excelente Libro ¡¡

Es el primer libro que escucho sobre el tema. La información proporcionada es muy didáctica.

A must read for new investors!

Wish that I could have read this book 30 years ago! Human emotions often make for poor decisions and this book takes you through the obvious and not so obvious mistakes that we make when affected by those emotions.
Well written with a touch of humor and great narration!

Ehhh

Ehhh, couple tid bits of new info. I wish I could say more, C+ / B- for value of money.

second audiobook.

This was the second audiobook I purchased. it was a good listen. I learned a lot about why I made bad investments in the market and how to learn from those mistakes

Excellent Read for Pros and Novices

This book was fantastically informative. I have studied behavioral investing now for a couple years, but Daniel Crosby did an excellent job combining all the lessons I’ve learned (and many new ones) into a single volume that is both educational and entertaining. Narration was also excellent. Highly recommended for investment pros and novices alike.

Academic rigor yet practical

I’ve read most of the books on behavioral finance, this book is my favorite. Most discussions in behavioral finance miss the Mark, reducing the conversation to the acknowledgement of human foibles and the arrogant assumption that financial advisors are impervious to these issues. Or that knowing gaining a knowledge of these issues will be enough to overcome our biological predisposition to be poor investors.

Dr. Crosby quickly presents the latest research and gets to practical ways of creating rules based processes to systematically make better investment decisions.

Awesome

Great source of information. Interesting examples to keep subject matter interesting.
Would recommend to anyone interested in markets.

Good for beginners

If you’ve anything about behavioural investing before a lot of the studies quoted will be known. If not, this is a great primer. I suggest The Psychology of Money by Morgan Hounsel as a more digestible listen.

Absolute gold

Daniel Crosby is THE voice of behavioural finance.

The book is well written with fascinating insights and practical observations.

must read