The Psychology of Smart Investing: Meeting the 6 Mental Challenges [Hardcover]

Ira Epstein (Author), David Garfield (Author)

Book Description

ISBN-10: 047155071X | ISBN-13: 978-0471550716 | Publication Date: August 26, 1992

Written by a board-certified psychiatrist and the founder of Chicago's best-known brokerage firm, it contains the psychological tools essential to breaking through mental barriers in order to achieve a successful mindset. Examines such common psychological traps as loneliness, poor self-esteem, depression, wishful thinking, self-destructiveness, addiction to playing the markets, revenge and internal conflicts. Packed with anecdotes and case histories, it includes insights drawn from two unusual investor surveys--typical investors versus famous investors and market ``gurus.''

Editorial Reviews

From the Publisher

Written by a board-certified psychiatrist and the founder of Chicago's best-known brokerage firm, it contains the psychological tools essential to breaking through mental barriers in order to achieve a successful mindset. Examines such common psychological traps as loneliness, poor self-esteem, depression, wishful thinking, self-destructiveness, addiction to playing the markets, revenge and internal conflicts. Packed with anecdotes and case histories, it includes insights drawn from two unusual investor surveys--typical investors versus famous investors and market ``gurus.''

Product Details

• Hardcover: 256 pages
• Publisher: Wiley (August 26, 1992)
• Language: English
• ISBN-10: 047155071X
• ISBN-13: 978-0471550716
• Product Dimensions: 9.3 x 6.4 x 0.9 inches
• Shipping Weight: 1.2 pounds (View shipping rates and policies)
• Average Customer Review: 4.0 out of 5 stars  See all reviews (1 customer review)
• Amazon Best Sellers Rank: #1,189,099 in Books (See Top 100 in Books)

More About the Author

Discover books, learn about writers, read author blogs, and more.

Customer Reviews

Most Helpful Customer Reviews

8 of 8 people found the following review helpful:

4.0 out of 5 stars A Well-Structured Book to Explore Who You Are as an Investor, May 10, 1997

By A Customer

This review is from: The Psychology of Smart Investing: Meeting the 6 Mental Challenges (Hardcover)

This book explores systematically the common types of investors: conflicted, depressed, revenging, masked, fussy and paranoid.

You will benefit from exploring the type of investor you are with the help of the classification and the cases.

IMPORTANT: As the authors put in the Preface, this book will neither tell you how to trade nor show any trend-based investing strategy. But it helps you explore how your character, attitude, biases and the like affect greatly on your investing decisions (and results).

Be prepared to take time to digest the book as it contains psychological issues (such as dream, defense mechanism, etc.) which might seem abstract. But I am sure that the time you invested pays off!