Experienced investors know that human psychology and mass behavior have tremendous impact on the stock market. In Mindtraps: Mastering the Inner world of Investing you'll learn how to process information and make forecasts--the central challenge of stock investing--and discover how to formulate rational and realistic forecasts, the key to successful investing.
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16 of 16 people found the following review helpful:
5.0 out of 5 stars
This book is the first investment any investor should make!,
This review is from: Mindtraps: Mastering the Inner World of Investing (Hardcover)
This book is the very best there is concerning the psychology of investing. It is based on actual research by clinical psychologists in the area of decision making and investing. Even though it has a very meaty and serious undertone it is also very witty. You will find yourself laughing and thinking "Oh god I've done that" at the same time. The book is also well written and easy to read without losing context. If you are ever going to invest during your life you should buy this book!
4 of 4 people found the following review helpful:
5.0 out of 5 stars
So Good I Republished It.,
By
This review is from: Mindtraps: Mastering the Inner World of Investing (Hardcover)
This book covers the psychological topic of judgemental heuristics and behavioral finance in a way that most people will have no trouble understanding it. The author covers 88 different mindtraps, ranging from the need to be "in control" to the need to be right. It's a must for any serious investor.This book is so good that my company republished it in 1996.
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