The Little Book of Behavioral Investing: How not to be your own worst enemy (Little Book, Big Profits) Review

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(More customer reviews)The `Little Book' series continues to produce good work as this 10th installment is an exceptional introductory to our mental traps that we tend to slip into and then often repeat. The book is a quick and enjoyable read and is very clear with only the minimal amount of psychology jargon. This book comes highly recommended for any bookshelf on how to invest better and to make better decisions. Good reading and enjoy the journey of how not to be your own worst enemy :)
A sample of the first few chapters and mental traps are as follows: (seventeen chapters in total)
Chapter 1 - Paralysis Of Empathy Gap
Chapter 2 - Fear/Risk Aversion
Chapter 3 - Overoptimism
Chapter 4 - Authority Respect/Overconfidence
Chapter 5 - Anchoring
Chapter 6 - Information Overload
Chapter 7 - Reason Respecting
Chapter 8 - Conformational BiasAs a side note: I have pointed out in other reviews of additional books below that are in the same genre and which are some of my favorites. So if you like this very good introductory book, then you may be interested in other social influences and hidden traps our minds fall into. If so, I provide the following recommendations: Think Twice (introductory), Influence: The Psychology of Persuasion (polymath classic), How We Know What Isn't So (very good), Mean Markets and Lizard Brains (Hidden Gem), The Psychology of Judgment & Decision Making (Classic), and Poor Charlie's Almanack (Charlie's Insights).
Think Twice: Harnessing the Power of Counterintuition by Michael J. Mauboussin
Influence: The Psychology of Persuasion (Collins Business Essentials) by Robert B. Cialdini
How We Know What Isn't So: The Fallibility of Human Reason in Everyday Life by Thomas Gilovich
Mean Markets and Lizard Brains: How to Profit from the New Science of Irrationality by Terry Burnham
The Psychology of Judgment and Decision Making by Scott Plous
Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger by Peter D. Kaufman

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Study Guide for Trading for a Living: Psychology, Trading Tactics, Money Management Review

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(More customer reviews)Sometimes I read a book and think I understand its author's ideas... but 2 weeks later only vaguely recall what i read. Dr Elder's STUDY GUIDE did a fantastic job of exposing my blind spots. Each of its questions is referenced to a specific chapter in the book. He shows you charts and puts you into trading situations, then asks, what will you do? He tells you not only what answers are correct but why they are correct and why others are wrong! The self-rating scales at the end of each chapter showed me exactly where I stood and what I needed to do next. A great follow-up to TRADING FOR A LIVING!

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Better Good than Lucky: How Savvy Investors Create Fortune with the Risk-Reward Ratio Review

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(More customer reviews)Luck can go bad. Very bad. But skill is something that's not down to the roll of a dice. "Better Good than Lucky: How Savvy Investors Create Fortune with the Risk-Reward Ratio" is a guide to finding the ability to be an agile business person, using one's mind to find the ventures that will make you money and how to avoid the obvious failures. With plenty of stocks tips that encourages keeping a varied portfolio, understanding a business's future, and more, "Better Good Than Lucky" is an ideal read for anyone who wants to treat the market as an informed decision, rather than a fancy slot machine.


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In his work as a financial analyst, Vice President with the American Association of Individual Investors, and frequent contributor to SFO Magazine and Forbes.com, Charles Rotblut came to realize that most average investors are overwhelmed by too much investment information and misled by confusing, conflicting, or unrealistic investment advice. Then, he set out to create a solution: a concise, accessible, and exceptionally useful investment book. In Better Good than Lucky: How Savvy Investors Create Fortune with the Risk-Reward Ratio, Charles Rotblut gets back to basic, time-tested investment principles and practices. Instead of wasting time on tricks for beating the market, Rotblut explains the cornerstones of smart investing and shows investors how to apply them, step by step, to create their own luck. ''Maximizing reward is about identifying the bargain stocks,'' as Rotblut makes clear and simple. In easy-to-understand language, he can let everyday investors in on how to: Quickly assess the information provided by the financial media and investment gurus and use it to their advantage to build a winning diversified portfolio; Judge the future profitability of a business by its business model; Read a business s balance sheet, income statement, and cash flow statement for valuable clues into its stock s growth potential; Determine how much a stock is worth by understanding its valuation, which isn't the same as its price; and more. Reliable and user-friendly, Better Good than Lucky is a welcome guide for investors with no time or money to waste.

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