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 investment decision-making.
* Offers time-tested ways to identify and avoid the pitfalls of
investor bias
* Author James Montier is one of the world's foremost behavioral
analysts
* Discusses how to learn from our investment mistakes instead of
repeating them
* Explores the behavioral principles that will allow you to
maintain a successful investment portfolio
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.
Praise for The Little Book Of Behavioral
Investing
"The Little Book of Behavioral Investing is an important
book for anyone who is interested in understanding the ways that
human nature and financial markets interact."
--Dan Ariely, James B. Duke Professor of Behavioral
Economics, Duke University, and author of Predictably
Irrational
"In investing, success means being on the right side of
most trades. No book provides a better starting point toward that
goal than this one."
--Bruce Greenwald, Robert Heilbrunn Professor of Finance
and Asset Management, Columbia Business School
"'Know thyself.' Overcoming human instinct is key to becoming a
better investor. You would be irrational if you did not read
this book."
--Edward Bonham-Carter, Chief Executive and Chief
Investment Officer, Jupiter Asset Management
"There is not an investor anywhere who wouldn't profit from
reading this book."
--Jeff Hochman, Director of Technical Strategy, Fidelity
Investment Services Limited
"James Montier gives us a very accessible version of why we as
investors are so predictably irrational, and a guide to help us
channel our 'Inner Spock' to make better investment decisions.
Bravo!"
--John Mauldin, President, Millennium Wave
Investments
