Investment Madness: How Psychology Affects Your Investing...And What To Do About It
Author: John R. Nofsinger
List Price: $24.00
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ISBN: 0130422002
Publisher: Financial Times Prentice Hall (21 June, 2001)
Sales Rank: 48,416
Average Customer Rating: 3.95 out of 5
Customer Reviews
Rating: 5 out of 5
Every Investor should read this book!
This is an easy-to-read introduction to behavioral finance. Nofsinger writes simply and plainly about the psychological biases that cause people to make bad investment decisions. Don't buy or sell anything until you read this book!
Rating: 5 out of 5
The Best Book I've Read on Psychology of Investing
To make a long story short, I was one of those traders who did well when "everyone was a genius in the bull market" of the late 90's!!
Since then, I've been studying hard, & have realized that (at least) 90% of my trading success is psychological.
I've been to a therapist, read many books, consulted online, etc.
Until I read "Investment Madness" I just couldn't figure out what was going on with me & my trading losses.
It is now so obvious, & the author explained it so clearly in his chapter on "Pride & Regret".
This book explains why I reacted the way I did, and it helped me to change my behavior, & become a more successful trader.
Highly recommended!!!
Rating: 2 out of 5
Too Simplistic
having read the author's newer book, "Investment Blunders", I was disappointed. The book is simplistic, with little truly enlightening information. A book that covers many of the pitfalls, and supplies the reader with material of substance is William Bernstein's, Four Pillars. I would not spend money on this book. Similar Products
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