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Investor Psychology Book
Old 01-26-2014, 10:59 PM   #1
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Investor Psychology Book

Can anyone recommend a good investor psychology/behavioral economics book? Something aimed at the individual investor that does not require an economics degree to understand. I need something to help save me from myself

Thanks!
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Old 01-26-2014, 11:26 PM   #2
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I adored the book Quantitative Value but it might be a bit technical and isn't so much about controlling yourself as implementing a strategy and learning to stick to it.

Also enjoyed Daniel Kahnemann's Thinking Fast and Slow

I see a few others along that line that got good reviews: The Little Book of Behavioral Investing: How Not to be Your Own Worst Enemy (James Montier) - I like the Little Books series for less technical writing or an introduction to an investing area.
Behavioral Investing: A Practitioners Guide to Applying Behavioral Investing (James Montier)
The Emotionally Intelligent Investor: How self awareness, empathy and intuition drive performance
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Investor Psychology Book
Old 01-27-2014, 12:16 AM   #3
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Investor Psychology Book

I just finished "You Money and Your Brain" by Jason Zweig that was good reading:

http://www.amazon.com/Your-Money-Bra...leheadswiki-20

The Bogglehead forum has a list of book recommendations. There are some on Behavioral Finance:

http://www.bogleheads.org/wiki/Books...ns_and_Reviews
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Old 01-30-2014, 09:15 AM   #4
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Thanks, I will look in to those.
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Old 01-30-2014, 12:42 PM   #5
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I thought this was a good one with practical examples and easy to read/understand.

Why Smart People Make Big Money Mistakes And How To Correct Them: Lessons From The New Science Of Behavioral Economics by Gary Belsky and Thomas Gilovich

Why Smart People Make Big Money Mistakes And How To Correct Them: Lessons From The New Science Of Behavioral Economics: Gary Belsky, Thomas Gilovich: 9780684859385: Amazon.com: Books

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Old 01-30-2014, 12:50 PM   #6
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Also this one
Nudge: Improving Decisions About Health, Wealth, and Happiness: Richard H. Thaler, Cass R. Sunstein: 9780143115267: Amazon.com: Books

And this one
Predictably Irrational: The Hidden Forces That Shape Our Decisions: Dan Ariely: 9780061353239: Amazon.com: Books
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Old 01-30-2014, 06:48 PM   #7
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All good suggestions. I found the Gilovich and Belsky book the easiest and quickest and most useful to read first.
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Old 03-27-2014, 01:36 PM   #8
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Not a book, but an article:

Train your investing brain

And a podcast:

Because Money Podcast | Dan Bortolotti - YouTube

16 hours ago - Uploaded by Jackson Middleton

Canadian content, but generalizable. He has two book recommendations at the end.
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Old 03-27-2014, 03:24 PM   #9
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Odd timing that this subject should come up. I'm in the middle of Thinking Fast and Slow, just finished Your Money & Your Brain and Why Smart People Make Big Money Mistakes.

Predictably Irrational is on the shelf and next in line.

I've often wondered why otherwise apparently intelligent people do so many weird things.
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Old 04-03-2014, 07:44 AM   #10
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I recently finished 'Why Smart People Make Big Money Mistakes And How To Correct Them' and recommended it to two of my friends who were looking for something similar.

I need to get to some of these other suggestions, but am currently on a tangent with Ferriss' 4 Hour Work Week ...
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Old 04-03-2014, 10:21 AM   #11
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The Four Pillars of Investing is an older book but one that I still think is fundamental and so important to read (even though Bernstein has written newer books). It is long and a little tedious but despite that I read it twice. I think it really helps the reader to attain a psychological attitude that is extremely helpful when investing.
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