What does this mean?Pros & Cons
Pros
The little book of behavioural investing is not a guide to investing but an aid to more rational and objective decision making. This book covers most of the little quirks that will trip the investor when making decisions.
Bt is a book that will stay in your memory for a long time. Written in a concise, succinct format. Feel free to check out my blog which can be found on my profile page.
James montier is an asset allocation manager at gmo. He is an eloquent and occasionally sarcastic defender of the faith. Montier debunks some of my pet hates about the investment industry - and he provides me with a better reasoned argument against th... Read More
Cons
Too much fluff. It offers no new insight into how to invest successfully.
Highlights
Quality
Id always thought that you invest with the knowledge you may lose all your money and your money was at the mercy of the suits
If you do have that experience and you read this book then you will be presented with the tools to be more succesful than you h... Read More
Price
Montier is big fan of value investing and understanding decision theory when it comes to investing in markets
This time around i promised myself i would learn the basics how to look at a balance sheet and see if a company will still be ... Read More
Competitiveness
Its like a metabook that leaves you better able to enact whichever strategies youve learnt elsewhere
Within about 6 months my investment had risen to 35k
Overview
- How are reviewers describing this item?
little, most, behavioural, better and many. - Our engine has profiled the reviewer patterns and has determined that there is minimal deception involved.
- Our engine has determined that the review content quality is high and informative.
- Our engine has discovered that over 80% high quality reviews are present.
- This product had a total of 438 reviews as of our last analysis date on Aug 20 2022.
Helpful InsightsBETA
Posted by a reviewer on Amazon
The book under review is a condensed summary of montiers prior work and highlights the key behavioural fallacies just about everyone is exposed to
Posted by a reviewer on Amazon
Now acknowledge that this battle of minds goes on all the time especially when you invest your money reputation and emotions and you start getting the picture as to why this book might be a good read
Posted by a reviewer on Amazon
Montier makes you aware of some of the key flaws in our reasoning e
Posted by a reviewer on Amazon
Overoptimism overconfidence following authority inability to distinguish noise from information confirmatory bias inherent conservatism narrative fallacy predictable surprises or in some cases the complete absence of any reasoning whatsoever e
Posted by a reviewer on Amazon
This book explains why we do such things and tries to point us in the right direction so we do not make the same mistakes
Posted by a reviewer on Amazon
It doesnt bombard you with academics and boring statistics of problems people face at a result of bad decision making but provide you with helpful reminders of common traps and pitfalls to avoid
Posted by a reviewer on Amazon
Well worth the read but whether youd reread it is another matter altogether
Posted by a reviewer on Amazon
If one wanted to read more deeply the bibliography and references would be a useful starting point
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