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Investing and the Irrational Mind: Rethink Risk, Outwit Optimism, and Seize Opportunities Others Miss

Autor Robert Koppel
en Limba Engleză Hardback – 16 mai 2011
Make RATIONAL decisions in the IRRATIONAL world of investing
"Readers will find within these pages new truths that will help transform their thinking. This is more relevant than the latest strategies, trading systems, or technical chart formations."
--William J. Brodsky, Chairman and CEO, Chicago Board Options Exchange
"Koppel offers pioneering insights, backed by substantial research, that help explain how psychology influences financial decisions and drives markets. Investing and the Irrational Mind is a must-read for both the professional and nonprofessional investor."
--Robin Mesch, President, Mesch Capital Management
"If there is truth to the Yiddish proverb that 'man plans and God laughs,' read Investing and the Irrational Mind to gain an essential understanding of what to do with your stocks and bonds when God is cracking up. As the sages advised, 'All the rest is commentary.'"
--Yra Harris, CME Group member, President of Praxis Trading, and author of the daily investment blog Notes from the Underground
"Investing and the Irrational Mind explains the psychological barriers to making good investment decisions--and more importantly how to overcome them. Koppel shows the dangers of our own habit-driven behavior, biases, and heuristics and how they lead us to violate our own investment axioms."
--Alexander Abell, Director, BlackRock, Inc.
"Investing is fraught with uncertainty, which gives rise to psychological issues that investors ignore at their peril. Bob Koppel has written a fascinating, entertaining, and comprehensive examination of this multifaceted area of inquiry. If you invest for a living, or even if you're just a student of the psychology of self, you will find beneficial insights in the pages of this book."
--A. Thomas Shanks, President and CEO, Hawksbill Capital Management
About the Book
Most investors are driven by greed and panicked by fear, which is why so many lose so much during market upheavals. It's also why so few gain so much. What separates the winners from the losers? People who remain calm, focused, and analytical during market ups and downs always come out on top--and snatch the losses of those who panic.
Investing and the Irrational Mind gives you the tools for overcoming the self-destructive impulses that stand between you and profit. Behavioral finance expert Robert Koppel reveals why your brain sends certain negative messages during the investing process. Applying the latest advances in neuroeconomics and insights from top traders, he provides a program for building the habits used by the world’s most successful investors.
Investing and the Irrational Mind teaches you how to:
  • Identify negative, self-defeating patterns of thought
  • Tailor your goals according to your particular investing psychology
  • Develop a framework for overcoming irrational thoughts in investment decisions
  • Use one of your most powerful investing tools--intuition
The investing world operates by the law of the jungle, with a new surprise lurking around every corner. How often have you abandoned a perfectly sound investing strategy because you panicked? "Success requires focused concentration that permits an unbiased perception of the market," writes Koppel. "All we can ever control is ourselves, but that is more than enough."
Armed with 30 years of experience as an analyst and fund manager, Koppel helps you develop a focused, disciplined, confident, and profitable approach to investing using the best tool at your disposal: your brain. Filled with surprising insights into human behavior and rock-solid financial advice, Investing and the Irrational Mind helps you draw consistent profits in an inconsistent investing world.
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Specificații

ISBN-13: 9780071753371
ISBN-10: 0071753370
Pagini: 304
Dimensiuni: 160 x 236 x 26 mm
Greutate: 0.6 kg
Editura: McGraw Hill Education
Colecția McGraw-Hill
Locul publicării:United States

Cuprins

Introduction;Chapter 1. Trading Coaches, Gurus and Salesman;Chapter 2. The Brain at Risk;Chapter 3. The Market: It's a Jungle Out There;Chapter 4. Things Fall Apart;Chapter 5. The Intuitive Edge;Chapter 6. Biases;Chapter 7. Fallacies;Chapter 8. Illusions;Chapter 9. Paradoxes;Chpater 10. Meet Gordon Gekko;Chapter 11. Tales of the Fallen;Chapter 12. Leaping Out of the Planes;Chapter 13. Nudge: Choice Architecture For Your Brain;Chapter 14. Beta, Delta, Value at Risk;Chapter 15. The Constant Challenge