The Little Book Of Behavioral Investing: How No... ((FREE))
Montier's book is a short read and a solid introduction to behavioral finance. Individual investors with little or no background in psychology or behavioral finance will not have difficulty with this book. It is an easy read, entertaining at times, and provides a solid foundation for further studying and understanding one's self. Readers with an extensive background in behavioral finance or psychology will not find any ground-breaking material, but it is an entertaining read nonetheless.
The Little Book of Behavioral Investing: How no...
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James Montier writes about the many ways investors are their own worst enemies. The book concentrates on the many repeated behavioral mistakes investors inflict on themselves that negatively impact returns in the process.
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:
The Little Book of Behavioral Investing is a book about how behavioral traits are the cause for bad decision-making while investing. The book give you time tested ways of identifying and avoiding the pitfalls of investor bias. It discusses how one can learn from their behavioral mistakes and not repeat them in the future. Read this book to explore the behavioral principles that allow you to maintain successful investment portfolios. By the end of this book, the reader or investors will know which of their behavioral traits they will be required to change in order to better their investment and in turn achieve better returns.
\r \tThe Little Book of Behavioral Investing is a book about how behavioral traits are the cause for bad decision-making while investing. The book give you time tested ways of identifying and avoiding the pitfalls of investor bias. It discusses how one can learn from their behavioral mistakes and not repeat them in the future. Read this book to explore the behavioral principles that allow you to maintain successful investment portfolios. By the end of this book, the reader or investors will know which of their behavioral traits they will be required to change in order to better their investment and in turn achieve better returns.
The book tends to build a relationship between the financial products available in the market and behavioral finance theories, a field of study that has been gaining ground during the last few decades.
Review: This behavioral finance book is a great resource for anyone who likes investing or helps in investing. This book results from a lot of market research and surveys of how things work for retail investorsRetail InvestorsA retail investor is a non-professional individual investor who tends to invest a small sum in the equities, bonds, mutual funds, exchange-traded funds, and other baskets of securities. They often take the services of online or traditional brokerage firms or advisors for investment decision-making.read more, professional managers, traders, analysts, etc. And whatever the authors collected, they presented all the materials in the most structured manner for the consumption of the investors who would like to improve their investment decisions and, as a result, ensure maximum wealth.
Review: You will feel entertained reading this behavioral finance book. At the same time, you would learn the nitty-gritty of behavioral financeBehavioral FinanceBehavioral finance refers to the study focusing on explaining the influence of psychology in the decision-making process of investors. It explains the occurrence of irrational decision-making in the financial market when it is expected to be a manifestation of rational decisions and an efficient market.read more. According to the book, investors learn slowly and make mistakes. This book will help you curb those mistakes and find a solution for yourself and your clients. But in a few places, the author is contradictory; sometimes, there are just too many words. Overall, a good read for people who are indirectly related to trading (meaning this book is not for a full-time trader but is useful to investors).
Review: This top book on behavioral finance is the most suitable for those tired of reading old, rugged stuff on behavioral finance. This book presents a great way to look at behavioral finance. The author has put a lot of thinking into this book before writing, and the writing reflects that. First, the author describes the foundation of the Efficient Market Hypothesis (EMH)Efficient Market Hypothesis (EMH)The efficient market hypothesis (EMH) states that the stock prices indicate all relevant information and are universally shared, making it impossible for investors to earn above-average returns consistently. Economist Eugene Fama gave the idea of the efficient market hypothesis in the 1960s.read more and then presents his thinking.
Review: This book is a nice collection of articles designed to wow its readers. But you need to remember that if you are an average investor, you may need help appreciating the value it provides. So it would help if you did your homework before diving into this book. There are loads of statistics, and academic language is used prudently throughout this book. If you consider reading this book, from which you would get multiple perspectives on behavioral finance, you at least need to know the fundamentals of behavioral finance in the first place.
Review: This book updates from the previous volume, and there are loads of things to learn in this recent volume. People who complained about the sanity of an old paperback would find great value in this book as every recent development is in this section. However, as published in 2005, it still would be considered old if we compare it from the perspective of the present time. This book is for those interested in pursuing higher studies in behavioral finance.
This enjoyable read explains behavioral finance in an easy-to-understand language, infusing humor into real-life examples to help readers relate. It is a fascinating behavioral finance book for beginners.
Ben Graham, the father of value investing, once said: \"The investor's chief problem-and even his worst enemy-is likely to be himself.\" Sadly, Graham's words are still true today. Bias, emotion, and overconfidence are just three of the many behavioral traits that can lead investors to lose money or achieve lower returns. Fortunately, behavioral finance, which recognizes that there is a psychological element to all investor decision making, is now firmly embedded in the mainstream of finance. Applying behavioral principles to an investment portfolio can help investors avoid some of the mental pitfalls that so often cost them, and financial institutions, billions.In The Little Book of Behavioral Investing, behavioral finance expert James Montier takes you on a guided tour of the most common behavioral challenges and mental pitfalls that investors encounter, and provides you with strategies to eliminate these traits. Along the way, he shows how some of the world's best investors have tackled the behavioral biases that drag down investment returns, so that you might be able to learn from their experiences.Montier explains the importance of learning to prepare, plan, and then commit to a strategy-that is, do your investment research while you are in a \"cold\" rational state, when nothing much is happening in the markets-and then pre-commit to following your analysis and action steps. He also stresses the folly of trying to forecast what the markets will do, and reveals how the idea of investing without pretending you know the future gives you a very different perspective. Throughout the audio book, Montier stresses why the need to focus on process rather than outcomes is critical in investing. Focusing upon process, he shows, frees us up from worrying about aspects of investment that we really can't control-such as returns. By focusing upon process, we maximize our potential to generate good long-term profits.The Little Book of Behavioral Investing offers a range of time-tested ways to identify and avoid the pitfalls of investor bias. By following these simple strategies, you will learn to overcome your own worst enemy when it comes to investments-yourself. 041b061a72