Montier The Little Book of Behavioral Investing

How not to be your own worst enemy
1. Auflage 2010
ISBN: 978-0-470-71204-7
Verlag: John Wiley & Sons
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 236 Seiten, E-Book

Reihe: Little Books. Big Profits

A detailed guide to overcoming the most frequently encounteredpsychological pitfalls of investing
Bias, emotion, and overconfidence are just three of the manybehavioral traits that can lead investors to lose money or achievelower returns. Behavioral finance, which recognizes that there is apsychological element to all investor decision-making, can help youovercome this obstacle.
In The Little Book of Behavioral Investing, expert JamesMontier takes you through some of the most important behavioralchallenges faced by investors. Montier reveals the most commonpsychological barriers, clearly showing how emotion,overconfidence, and a multitude of other behavioral traits, canaffect investment decision-making.
* Offers time-tested ways to identify and avoid the pitfalls ofinvestor bias
* Author James Montier is one of the world's foremost behavioralanalysts
* Discusses how to learn from our investment mistakes instead ofrepeating them
* Explores the behavioral principles that will allow you tomaintain a successful investment portfolio
Written in a straightforward and accessible style, The LittleBook of Behavioral Investing will enable you to identify andeliminate behavioral traits that can hinder your investmentendeavors and show you how to go about achieving superior returnsin the process.
Praise for The Little Book Of BehavioralInvesting
"The Little Book of Behavioral Investing is an importantbook for anyone who is interested in understanding the ways thathuman nature and financial markets interact."
--Dan Ariely, James B. Duke Professor of BehavioralEconomics, Duke University, and author of PredictablyIrrational
"In investing, success means¿being on the right side ofmost trades. No book provides a better starting point toward thatgoal than this one."
--Bruce Greenwald, Robert Heilbrunn Professor of Financeand Asset Management, Columbia Business School
"'Know thyself.' Overcoming human instinct is key to becoming abetter investor.¿ You would be irrational if you did not readthis book."
--Edward Bonham-Carter, Chief Executive and ChiefInvestment Officer, Jupiter Asset Management
"There is not an investor anywhere who wouldn't profit fromreading this book."
--Jeff Hochman, Director of Technical Strategy, FidelityInvestment Services Limited
"James Montier gives us a very accessible version of why we asinvestors are so predictably irrational, and a guide to help uschannel our 'Inner Spock' to make better investment decisions.Bravo!"
--John Mauldin, President, Millennium WaveInvestments

Autoren/Hrsg.

Montier, James

Inhaltsverzeichnis

Foreword.
Introduction: This Is a Book About You.
Chapter One: In the Heat of the Moment.
Chapter Two: Who's Afraid of the Big Bad Market?
Chapter Three: Always Look on the Bright Side of Life.
Chapter Four: Why Does Anyone Listen to These Guys?
Chapter Five: The Folly of Forecasting.
Chapter Six: Information Overload.
Chapter Seven: Turn off That Bubblevision!
Chapter Eight: See No Evil, Hear No Evil.
Chapter Nine: In the Land of the Perma-Bear and thePerma-Bull.
Chapter Ten: The Siren Song of Stories.
Chapter Eleven: This Time Is Different.
Chapter Twelve: Right for the Wrong Reason, or Wrong for theRight Reason.
Chapter Thirteen: The Perils of ADHD Investing.
Chapter Fourteen: Inside the Mind of a Lemming.
Chapter Fifteen: You Gotta Know When to Fold Them.
Chapter Sixteen: Process, Process, Process.
Conclusion: The Road to Hell Is Paved with Good Intentions.

Über Autor(innen)

James Montier is a member of GMO's asset allocation team. Prior to that, he was the co-Head of Global Strategy at Société Générale and has been the top-rated strategist in the annual Thomson Extel survey for most of the last decade. Montier is the author of three market-leading books, Behavioral Finance: Insights into Irrational Minds and Markets, Behavioral Investing: A Practitioners Guide to Applying Behavioral Finance, and Value Investing: Tools and Techniques for Intelligent Investment. He is a Visiting Fellow at the University of Durham and a Fellow of the Royal Society of Arts. Montier has been described as a maverick, an iconoclast, and an enfant terrible by the press.