- ISBN13: 9780470686027
- Condition: New
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Product Description
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 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 inve… More >>
The Little Book of Behavioral Investing: How not to be your own worst enemy
Get out your highlighter, for about 1/2 this book is worthwhile, the other half is just filler. A must for serious investors, for we must know how our mind and emotions work against us while investing.
Rating: 3 / 5
Good book that helps to keep in mind ours common behavioral mistakes at investing, as it is a little book, you just should wait to have them listed, but not taken deeply, for me some most useful advises from this little book were: 1.pre-commit, 2.useless of forecasting and 3.have a process in place, but keep it simple so you can follow and tie to it.
Rating: 3 / 5
Montier’s book is almost an invaluable investment guide. As other reviews have detailed the book’s contents I want to agree that the contents are worthwhile and, at times, amusing. Still, such tips as “don’t watch CNBC” or “ignore Jim Cramer” are highly accurate but hardly qualify as a unique or a remarkable perspective.
More to the point, I found the constant use of previous behavioral studies a distraction that ended by simply getting in the way Montier’s message. That would have been easily survivable, however, had the book included a closing summary of the author’s points. As it is, I felt compelled to go back reread parts of the book 2 or 3 times to attempt to sort out what was essential and what was merely an effort to display the author’s cleverness.
In the end, the writing style tends to defeat the book’s purpose leaving the reader with an almost invaluable investment guide. Almost doesn’t make it…
Rating: 3 / 5
Montier hits the key to being a successful investor long term on the head.
Good job!
Rating: 5 / 5
A good overview of various human behavioral traits (anchoring, expertise etc…) that cause investors (or anybody) to decrease their performance at the wrong times, while creating opportunities for others. Lots of examples from research studies, Perhaps there could have been more examples of specific exercises to overcome these traits.
Rating: 5 / 5