Book description
Achieve investing success by understanding your behavior type
This groundbreaking book shows how to invest wisely by managing your
behavior, and not just your money. Step by step, Michael Pompian (a
leading authority in the practical application of Behavioral Finance
concepts to wealth management) helps you plan a strategy targeted to
your personality. The book includes a test for determining your
investment type and offers strategies you can put into use when
investing. It also includes a brief history of the stock market, and
easy-to-comprehend information about stocks and investing to help you
lay a solid foundation for your investment decisions.
Behavioral Finance and Investor Types is divided into two
parts. Test Your Type, gives an overview of Behavioral Finance as well
as the elements that come into play when figuring out BIT, like active
or passive traits, risk tolerance, and biases. The book includes a
quiz to help you discover what category you are in. Plan and Act,
contains the traits common to your type; an analysis of the biases
associated with your type; and strategies and solutions that
compliment and capitalize on your BIT.
- Offers a practical guide to an investing strategy that fits both
your financial situation and your personality type
- Includes a test for determining your tolerance for risk and
other traits that will determine your investment type
- Written by the Director of the Private Wealth Practice for
Hammond Associates-an investment consulting firm serving
institutional and private wealth clients
Behavioral Finance and Investor Types offers investors a better
sense of what drives them and what puts on their breaks. By using the
information found here, you'll quickly become savvy about the world of
investing because you'll come to understand your place in it.
MICHAEL M. POMPIAN, CFA, CAIA, CFP, is a partner at Mercer
Investment Consulting (formerly Hammond Associates) serving
institutional and private wealth clients. Prior to joining Mercer, he
worked at Merrill Lynch and PNC Private Bank, as well as the
investment staff of a family office. Pompian holds the Chartered
Financial Analyst (CFA) designation, is a Chartered Alternative
Investment Analyst (CAIA) and a Certified Financial Planner (CFP). He
is also a member of the CFA Institute (formerly AIMR) and the New York
Society of Security Analysts (NYSSA). He holds a BS in management from
the University of New Hampshire and an MBA from Tulane University. He
is a regular speaker on the subject of behavioral finance and has
published numerous articles on the subject. He is married with three
sons and can be reached at mpompian@hotmail. com.
