The Psychology of Investment. How to stop doing stupid things with your money
Original title: The Behavior Gap. Simple Ways to Stop Doing Dumb Things with Money
Authors: Carl Richards
Publisher: Mann, Ivanov & Ferber, 2014.
Read the book "The Psychology of Investment. How to Stop Doing Stupid Things with Your Money".
A book on psychologically correct financial management
The book is intended for those who seek to manage their finances competently. It will be of interest to both large investors and individual market participants.
In the book, the author makes the connection between money and emotion. All market participants make mistakes, some of which are, literally, very expensive to pay for. If there is panic in the market - we rush to sell assets and buy them, in the case of a burst of optimism. The approach is logical, but totally irrational. That's why we lose money.
Nevertheless, within your personal account, global financial crises can be avoided. To do so, you simply have to find the failures in your market strategy and develop a plan to avoid rash decisions in the future.
The book "The Psychology of Investment. How to Stop Doing Stupid Things with Your Money" will help:
- get out of the habit of selling when demand is low and buying when demand is high;
- learn how to develop a personalized plan, avoiding the pitfalls of general financial advice;
- The reasonable allocation of not only money, but also of time and energy resources;
- and finally stop just losing money!
The book "The Psychology of Investment. How to stop doing stupid things with your money" is not just a guidebook, but an effective helper, different from other financial publications. It does not explain the structure of the financial world, but explains to you and me where the benefits of psychology will allow you to make a stable profit.