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THE BEHAVIORAL INVESTOR IBD

HARRIMAN HOUSE LTD
10 / 2018
9780857196866
Inglés

Sinopsis

From the New York Times bestselling author of the book named the best investment book of 2017 comesáThe Behavioral Investor, an applied look at how psychology ought to inform the art and science of investment management.InáThe 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. Readers 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 Investorátakes 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 &ldquo,why&rdquo, that we are left with any clue as to &ldquo,how&rdquo, we ought to invest. The book is comprised of three parts, which are as follows:-áPart Oneá&ndash, An explication of the sociological, neurological and physiological impediments to sound investment decision-making. Readers 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.-áPart Twoá&ndash, 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. Readers will emerge with an improved understanding of their own behavior, increased humility and a lens through which to vet decisions of all types.-áPart Threeá&ndash, Illuminates the &ldquo,so what&rdquo, 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. Readers 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 wellbeing.áThe Behavioral Investoraims to enrich readers in the most holistic sense of the word, leaving them with tools for compounding both wealth and knowledge.

PVP
32,33