Customer Reviews

The Psychology of Investing (Wiley Investment)

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The chapters of this book are based on seminars given by various psychology and investment professionals and educators. Although at first this might seem confusing, the content is well presented and flows in a smooth and understandable manner. However, my complaint is that I found the content of this book to focus too much on general psychology rather than the dynamics of an investor's mind. There are far better investment psychology books available, notably books by Martin Pring. I have always found Pring's works to be focused and highly educational.

Bascially this book is a collection of eleven chapters contributed by eleven authors, professors...but not serious fund managers or traders, with highly diversified investment and writing skills.

Personally I have no bias towards any profession. However, I have the perception accumulated from my past reading experience that non trader authors are quite inclined to put their emphasis on elaborating their theories to describe what happened, providing elegant data (weakly applicable here) to support their arguments, but doing little on solving nor advising on the problems, and thus failing to satisfy the primary objective of most readers in buying an investment or trading book. This book just reinforced my perception in this respect.

There are many much better trading psychology books in the market like Trader Vic I, Investment Quotient, Trading in the Zone blah blah blah. (Please see my other reviews). I am sure that you will have a much higher return for your investment on them.