PSYCHOLOGY OF INVESTING, 7TH EDITION

Book Details

• Author: John R. Nofsinger

• Publisher: Routledge

• Language: English

• Edition: 7

• ISBN: 9780367748180

• Pages: 194

• Cover: Paperback

• Dimensions: 10.0 x 7.0 x 0.6 inches

• Weight: Not provided

About the Book

Investment Madness: How Psychology Affects Your Investing and What to Do About It by John R. Nofsinger offers a fascinating exploration of the psychological biases that influence investors' decisions. This 7th edition delves deeply into the ways in which emotions, cognitive errors, and biases impact the way people invest. By understanding these influences, the book empowers investors to recognize their own biases and offers strategies to overcome them, thereby improving financial success.

The book covers various psychological concepts that shape investment behaviors, such as overconfidence, herd behavior, and loss aversion, and examines how these factors can lead to poor financial decision-making. Nofsinger uses real-world examples and case studies to illustrate how bias plays a role in investment practices, providing practical advice on how to mitigate these pitfalls.

This book is essential reading for anyone involved in investing, from beginner to seasoned professionals, looking to enhance their financial decision-making skills. It highlights the importance of understanding the psychology behind investment choices and offers insights into achieving more rational, successful investment outcomes.