The Psychology of Smart Investing: Meeting the 6 Mental Challenges

By Ira Epstein and David Garfield

Book Overview

Written by a board-certified psychiatrist and the founder of Chicago's best-known brokerage firm, it contains the psychological tools essential to breaking through mental barriers in order to achieve a successful mindset. Examines such common psychological traps as loneliness, poor self-esteem, depression, wishful thinking, self-destructiveness, addiction to playing the markets, revenge and internal conflicts. Packed with anecdotes and case histories, it includes insights drawn from two unusual investor surveys--typical investors versus famous investors and market ''gurus.''

• Format: Hardcover
• Language: English
• ISBN: 047155071X
• ISBN13: 9780471550716
• Release Date: November 1992
• Publisher: Wiley
• Length: 256 Pages
• Weight: 1.17 lbs.
• Dimensions: 0.9" x 6.4" x 9.3"

Customer Reviews

A Well-Structured Book to Explore Who You Are as an Investor

This book explores systematically the common types of investors: conflicted, depressed, revenging, masked, fussy and paranoid. You will benefit from exploring the type of investor you are with the help of the classification and the cases. IMPORTANT: As the authors put in the Preface, this book will neither tell you how to trade nor show any trend-based investing strategy. But it helps you explore how your character, attitude, biases and the like affect greatly on your investing decisions (and results). Be prepared to take time to digest the book as it contains psychological issues (such as dream, defense mechanism, etc.) which might seem abstract. But I am sure that the time you invested pays off!