The Little Book of Behavioral Investing
How Not to Be Your Own Worst Enemy




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Book Description
In The Little Book of Behavioral Investing, behavioral finance expert James Montier takes you on a guided tour of the most common behavioral challenges and ...
Book Details
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- English Books
- Others 192 Pages
- ISBN-10: 0470686022
- ISBN-13: 9780470686027
- Publisher: Wiley
- Pub date: Mar 22, 2010
Prices Change currency & sellers
| ISBN | Edition | List | Sale | Seller |
|---|---|---|---|---|
| 9780470686027 | Others | $19.95 | $14.36 | bn.com |
| -- | $19.95 | ebooks.com | ||
| $19.95 | $11.99 | The Book Depository |
*** This comment contains spoilers! ***
Pre-commitment vs. Procrastination
Overconfidence
Selt-attribution bias
Confirmatory Bias
Irrelevant Anchors
Conform to the crowd
Prisoners of Preconceptions + Inattentional Blindness
Hanging onto own views even after the facts change
Sunk Cost
Endowment effect
Less (informaiton) is Bette ... (continue)
Pre-commitment vs. Procrastination
Overconfidence
Selt-attribution bias
Confirmatory Bias
Irrelevant Anchors
Conform to the crowd
Prisoners of Preconceptions + Inattentional Blindness
Hanging onto own views even after the facts change
Sunk Cost
Endowment effect
Less (informaiton) is Better: Increased information will lead to overconfidence but the accuracy doesn't actually increase. Use computer to help handle more information.
Bubble: Displacement -> Credit Creation -> Euphoria -> Financial Distress -> Revulsion
Best company's 10-year growth rate = 22%/year
The market NEVER FAILED to OVERPAY for the long-term realized successes of the growth company
Prepare, don't predict
Don't question authority, they don't know the answer either
Doing nothing is doing something
You are your own worst enemy
Focus on the process
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