Book description
Behavioural investing seeks to bridge the gap between psychology and
investing. All too many investors are unaware of the mental pitfalls
that await them. Even once we are aware of our biases, we must recognise
that knowledge does not equal behaviour. The solution lies is designing
and adopting an investment process that is at least partially robust to
behavioural decision-making errors.
Behavioural Investing: A Practitioner's Guide to Applying
Behavioural Finance explores the biases we face, the way in
which they show up in the investment process, and urges readers to
adopt an empirically based sceptical approach to investing. This book
is unique in combining insights from the field of applied psychology
with a through understanding of the investment problem. The content is
practitioner focused throughout and will be essential reading for any
investment professional looking to improve their investing behaviour
to maximise returns. Key features include:
- The only book to cover the applications of behavioural finance
- An executive summary for every chapter with key points
highlighted at the chapter start
- Information on the key behavioural biases of professional
investors, including The seven sins of fund management,
Investment myth busting, and The Tao of investing
- Practical examples showing how using a psychologically inspired
model can improve on standard, common practice valuation tools
- Written by an internationally renowned expert in the field of
behavioural finance
JAMES MONTIER is the global equity strategist at
Dresdner Kleinwort in London. He has been the top rated strategist in
the annual Extel survey for the last two years. He is also the author
of
Behavioural Finance, published by Wiley in 2000. James was
on the 50 must read analysts list complied by the
Business
magazine, and was one of the Financial News' Rising Stars.
James
is a regular speaker at both academic and practitioner conferences,
and is regarded as the leading authority on applying behavioural
finance to investment. He is also a visiting fellow at the University
of Durham. James is also a fellow of the Royal Society of Arts. He has
been described as a maverick by the Sunday Times, an enfant terrible
by the FAZ, and a prophet by the Fast Company! When not writing or
reading, he can usually be found blowing bubbles at fish and swimming
with sharks.
