Investment psychology explained : classic strategies to beat the markets
"Fueled by euphoria, greed, and even fear, the giddy economic ride of the 1980s was ultimately, for many, an unfortunate one. The fundamentals of sound portfolio management got lost along the way, and as an inevitable consequence, many investors simply crashed and burned." "The revisionist '90s demand a no-nonsense approach that puts a premium on classic investment philosophy, psychology, and strategy. And nowhere will you find this bracing attitude more clearly and practically embodied than in Martin Pring's new clarion call for investors: Investment Psychology Explained." "Written by one of the most respected independent investment advisors in the world, whose bestselling books, videos, and newsletters have prudently guided thousands of investors through bullish and bearish times, Investment Psychology Explained emphasizes that investors have to be more analytical and less impulsive to flourish in today's market." "Arguing that there are no quick, magical paths to market success, Pring draws instead from the wisdom of many creative investors, including Jesse Livermore, Humphrey Neill, and Bernard Baruch, as well as from his own experience, and distills their thought into one convenient, back-to-basics handbook." "With Investment Psychology Explained at your side, you'll learn how to stay one step ahead through the application of the age-old verities - hard work, common sense, patience, and discipline. With the help of numerous examples, past and present, you'll discover how to create and stick to an independent investment plan - and avoid being carried away by fads or quick-fix "experts", buck the conventional wisdom at the right times - and know how and when to "go contrarian", shake off the delusions and myths that ensnare too many investors - and develop profitable habits and attitudes instead, allow objective analysis rather than emotions to guide your decision making, stay the course with investment strategies and not shed them prematurely if there is no short-term payoff, profit from the markets' unexpected reactions to fast-breaking economic and political news, deal more effectively with brokers and money managers, and understand and use the classic trading rules that have proven their mettle through the ages." "A book whose measured wisdom is a true tonic for the times, Investment Psychology Explained puts you on solid investment ground, demonstrating with each successive chapter how financial well-being is earned through incremental steps and based solidly on a firm psychological base. As such, Investment Psychology Explained is the one constant you'll want to rely on again and again."--BOOK JACKET
xi, 273 pages : illustrations ; 24 cm
9780471557210, 9780471133001, 0471557218, 0471133000
25872903
KNOWING YOURSELF; There Is No Holy Grail; How to Be Objective; Independent Thinking; Pride Goes Before a Loss; Patience Is a Profitable Virtue; Staying the Course; THE WALL STREET HERD; A New Look at Contrary Opinion; When to Go Contrary; How to Profit from Newsbreaks; Dealing with Brokers and Money Managers the Smart Way; STAYING ONE STEP AHEAD; What Makes a Great Trader or Investor?; Nineteen Trading Rules for Greater Profits; Making a Plan and Sticking to It; Classic Trading Rules; Bibliography; Index.