Cover image for Behavioral finance and your portfolio  a navigation guide for building wealth
Behavioral finance and your portfolio a navigation guide for building wealth
Başlık:
Behavioral finance and your portfolio a navigation guide for building wealth
Yazar:
Pompian, Michael M.
ISBN:
9781119801610

9781119802006
Edition:
2nd ed.
Fiziksel Tanım:
1 online resource (323 pages)
Abstract:
In Behavioral Finance and Your Portfolio, acclaimed investment advisor and author Michael M. Pompian delivers an insightful and thorough guide to countering the negative effect of cognitive and behavioral biases on your financial decisions. You’ll learn about the “Big Five” behavioral biases and how they’re reducing your returns and leading to unwanted and unnecessary costs in your portfolio. Designed for investors who are serious about maximizing their gains, in this book you’ll discover how to: ● Take control of your decision-making—even when challenging markets push greed and fear to intolerable levels ● Reflect on how to make investment decisions using data-backed and substantiated information instead of emotion and bias ● Counter deep-seated biases like loss aversion, hindsight and overconfidence with self-awareness and hard facts ● Identify your personal investment psychology profile, which you can use to inform your future financial decision making Behavioral Finance and Your Portfolio was created for individual investors, but will also earn a place in the libraries of financial advisors, planners and portfolio managers who are determined to counteract the less principled and data-driven aspects of their decision making.