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The Little Book of Behavioral Investing: How not to be your own worst enemy (Little Books, Big Profits (UK)) by [James Montier]
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The Little Book of Behavioral Investing: How not to be your own worst enemy (Little Books, Big Profits (UK)) Kindle Edition

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About the Author

James Montier is a member of GMO's asset allocation team. Prior to that, he was the co-Head of Global Strategy at Société Générale and has been the top-rated strategist in the annual Thomson Extel survey for most of the last decade. Montier is the author of three market-leading books, Behavioral Finance: Insights into Irrational Minds and Markets, Behavioral Investing: A Practitioners Guide to Applying Behavioral Finance, and Value Investing: Tools and Techniques for Intelligent Investment. He is a Visiting Fellow at the University of Durham and a Fellow of the Royal Society of Arts. Montier has been described as a maverick, an iconoclast, and an enfant terrible by the press. --This text refers to an alternate kindle_edition edition.

From the Inside Flap

Ben Graham, the father of value investing, once said: "The investor's chief problem—and even his worst enemy—is likely to be himself." Sadly, Graham's words are still true today. Bias, emotion, and overconfidence are just three of the many behavioral traits that can lead investors to lose money or achieve lower returns. Fortunately, behavioral finance, which recognizes that there is a psychological element to all investor decision making, is now firmly embedded in the mainstream of finance. Applying behavioral principles to an investment portfolio can help investors avoid some of the mental pitfalls that so often cost them, and financial institutions, billions.

In The Little Book of Behavioral Investing, behavioral finance expert James Montier takes you on a guided tour of the most common behavioral challenges and mental pitfalls that investors encounter, and provides you with strategies to eliminate these traits. Along the way, he shows how some of the world's best investors have tackled the behavioral biases that drag down investment returns, so that you might be able to learn from their experiences.

Page by page, Montier explains the importance of learning to prepare, plan, and then commit to a strategy—that is, do your investment research while you are in a "cold" rational state, when nothing much is happening in the markets—and then pre-commit to following your analysis and action steps. He also stresses the folly of trying to forecast what the markets will do, and reveals how the idea of investing without pretending you know the future gives you a very different perspective. Throughout the book, Montier stresses why the need to focus on process rather than outcomes is critical in investing. Focusing upon process, he shows, frees us up from worrying about aspects of investment that we really can't control—such as returns. By focusing upon process, we maximize our potential to generate good long-term profits.

The Little Book of Behavioral Investing offers a range of time-tested ways to identify and avoid the pitfalls of investor bias. By following these simple strategies, you will learn to overcome your own worst enemy when it comes to investments—yourself.

--This text refers to an alternate kindle_edition edition.

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4.3 out of 5 stars
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Reviewed in Australia on 2 January 2016
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Nigel Jones
5.0 out of 5 stars The best book on investing I have read.
Reviewed in the United Kingdom on 1 May 2018
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Cobbs Books
5.0 out of 5 stars A must read for anyone that has a portfolio of funds or shares
Reviewed in the United Kingdom on 26 August 2019
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Jam Mad
5.0 out of 5 stars The meta-investment book
Reviewed in the United Kingdom on 23 July 2015
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david plant
5.0 out of 5 stars If you are into managing your own pension pot or ...
Reviewed in the United Kingdom on 26 July 2018
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RB
5.0 out of 5 stars Avoid your biases
Reviewed in the United Kingdom on 18 January 2018
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RMc
5.0 out of 5 stars Makes you take a look at yourself
Reviewed in the United Kingdom on 27 February 2020
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Gcrikey
4.0 out of 5 stars an easy read...
Reviewed in the United Kingdom on 14 September 2011
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SEK
5.0 out of 5 stars A great little book
Reviewed in the United Kingdom on 24 April 2012
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Bookworm007
5.0 out of 5 stars Montier is a very smart guy. Smart enough to explain things in a ...
Reviewed in the United Kingdom on 3 January 2015
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5.0 out of 5 stars Must read
Reviewed in the United Kingdom on 9 October 2014
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ian field
5.0 out of 5 stars Other reviewers have done a much better job of summing up this book then I am ...
Reviewed in the United Kingdom on 29 March 2015
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Artur Rtiscev
5.0 out of 5 stars A. Rtiscev
Reviewed in the United Kingdom on 6 December 2012
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5.0 out of 5 stars Even useful in all walks of life
Reviewed in India on 29 August 2018
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trivikram
3.0 out of 5 stars Most of the information we already know
Reviewed in India on 3 February 2020
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Kindle Customer
5.0 out of 5 stars Great read! Worth the time!
Reviewed in India on 21 August 2017
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