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Investment Madness by John R.Nofsinger
Investment Madness by John R.Nofsinger
John R. Nofsinger’s book Investment Madness
The significant psychological biases that affect investment decisions are discussed in this book. Investors may lessen the detrimental consequences on their wealth by identifying, comprehending, and avoiding these issues.
Printed on the back cover
WARNING: It might be dangerous to your money to let emotion influence your financial choices.
Consider your assets more carefully
How overconfident traders engage in excessive risk-taking and get inferior returns
The effect of your self-image on investments
Why suppressing remorse now can lead to eventual regrets that are far worse
Trade from yesterday, feelings from today, error from tomorrow
Putting your most recent investing experiences in a realistic context
The difference between the devils you know and don’t
Investment is spawned by familiarity, but not always for profit.
Your memory may be deceiving you.
It’s not just you. You’ll learn what to do about it from us.
Information varies greatly.
Avoiding temptations like your brother-in-law, your chat room, and other herd mentality traps. Recall how dotcoms were supposed to bring an end to commerce as we know it?
What to do about how your psychology lowers your profits and raises your hazards!
How come you bought that Internet stock?
Why did you save cash when you might have invested it somewhere else and made far higher returns?
Why, although you know you should, have you not financed your retirement plan entirely?
Why does it seem like you usually purchase high and sell low?
Why does it seem like everyone else is becoming wealthy but you are not?
You have psychology. It is your feelings. They represent your biggest challenges as an investor. They increase your risks while reducing your profits. It’s past time for you to take action. You can learn how by watching Investment Madness. Using the most recent findings in behavioral finance, Dr. John Nofsinger demonstrates how to:
Recognize the “illusion of control” that causes you to have excessive confidence in your investing decisions.
Recognize the emotions of pride, remorse, and herd behavior that result in tragedy. Objectively assess the stocks and financial assets you’ve inherited.
Increase the diversity of your portfolio and your “mental accounting”
Your psychological biases are now more harmful than ever with today’s immediate Internet-based trading.
The key to successful investing is genuine self-control, which Investment Madness teaches you how to develop via the use of professional tactics and mental strategies.
Who the Author Is
Professor of finance JOHN NOFSINGER teaches at Washington State University. His 1997 article “Herding and Feedback Trading by Institutional Investors,” co-authored with Richard W. Sias, won the Financial Management Association’s “Best of the Best” and “Best Paper in Investments” awards. Additionally, he has conducted in-depth research for the Association for Investment Management and Research and the New York Stock Exchange. Nofsinger is a Washington State University doctoral graduate.
Salepage : Investment Madness by John R.Nofsinger
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