Investment Psychology Explained: Classic Strategies to Beat the Markets

Investment Psychology Explained Classic Strategies to Beat the Markets Fueled by euphoria greed and even fear the giddy economic ride of the s was ultimately for many an unfortunate one The fundamentals of sound portfolio management got lost along the way and a

  • Title: Investment Psychology Explained: Classic Strategies to Beat the Markets
  • Author: Martin J. Pring
  • ISBN: 9780471133001
  • Page: 301
  • Format: Paperback
  • Fueled by euphoria, greed, and even fear, the giddy economic ride of the 1980s was ultimately, for many, an unfortunate one The fundamentals of sound portfolio management got lost along the way, and as an inevitable consequence, many investors simply crashed and burned The revisionist 90s demand a no nonsense approach that puts a premium on classic investment philosophyFueled by euphoria, greed, and even fear, the giddy economic ride of the 1980s was ultimately, for many, an unfortunate one The fundamentals of sound portfolio management got lost along the way, and as an inevitable consequence, many investors simply crashed and burned The revisionist 90s demand a no nonsense approach that puts a premium on classic investment philosophy, psychology, and strategy And nowhere will you find this bracing attitude clearly and practically embodied than in Martin Pring s new clarion call for investors Investment Psychology Explained Written by one of the most respected independent investment advisors in the world, whose bestselling books, videos, and newsletters have prudently guided thousands of investors through bullish and bearish times, Investment Psychology Explained emphasizes that investors have to be analytical and less impulsive to flourish in today s market Arguing that there are no quick, magical paths to market success, Pring draws instead from the wisdom of many creative investors, including Jesse Liver, Humphrey Neill, and Bernard Baruch, as well as from his own experience, and distills their thought into one convenient, back to basics handbook With Investment Psychology Explained at your side, you ll learn how to stay one step ahead through the application of the age old verities hard work, common sense, patience, and discipline With the help of numerous examples, past and present, you ll discover how to create and stick to an independent investment plan and avoid being carried away by fads or quick fix experts, buck the conventional wisdom at the right times and know how and when to go contrarian, shake off thedelusions and myths that ensnare too many investors and develop profitable habits and attitudes instead, allow objective analysis rather than emotions to guide your decision making, stay the course with investment strategies and not shed them prematurely if there is no short te

    One thought on “Investment Psychology Explained: Classic Strategies to Beat the Markets”

    1. THE LIQUIDITY AND PRICING MECHANISM THAT MAKES IT SO EASY TO ENTER THE FINANCIAL MARKETS HAVE THEIR DOWNSIDE: THEY LITERALLY TRY OUR PATIENCE.The redeeming concept of hope is one of the greatest obstacles to clear thinking and maintenance of objectivity.Beating ourselves means mastering our emotions and attempting to think independently.Decisions based on our natural instincts invariably turn out to be the wrong course of action.Hard work, common sense, patience and discipline are valuable attri [...]

    2. Didn't get too much out of this book. I felt that large portion of this book was dated and wasn't relevant to me (lots of factual info regarding US historical market news which I wasn't sure what the author was trying to convey). However the last few chapters of the book contained great general tips and mindset as a successful investor/trader which I thought was great.

    3. Not the best book on investor psychology that I have ever read. If you read anything from the Austrian School that deals with Praxeology, or the discipline that deals with Human Action, then you would REALLY come to understand investor psychology.

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