The Little Book of Behavioral Investing: How not to be your own worst enemy Hardcover – January 26, 2010

If you’re interested in investing, this is an absolute must read. It provides a fairly quick overview of the topic, and does a great job breaking down the concepts into easily digestible chapters that will prove instructive to all investors. Very happy with my purchase, and with this series in general.

The markets and economy these last few years have been and continue to be difficult to navigate through. It's hard for me to automatically default to being an intermediate or long term buy and hold type investor with lots of the long existing risks being pushed down the road and new risks being introduced via various fiscal and monetary measures taken in the last few years. Like the proverbial general fighting the last war, I don't want to just rely on familiar ways of investing The financial markets and the economy are separate animals so there are opportunities and i want to take advantage of them. The book is about recognizing and then overcoming behavioral biases that most of us have ( I certainly do) and then taking control over what we can control which is ourselves and not the markets. I particularly found beneficial the chapters on having a game plan in place when it can be created during a non-emotional time, and pre-committing to the strategy. This book can be very helpful in showing an investor how to better understand these behavioral flaws that may be preventing them from being better investors, perhaps better than many professionals. The book is very easy to read, enjoyable and makes sense, and has lots of short helpful and verifying anecdotes from successful investors such as Buffett, Soros, Klarman, Berkowitz etc,. I think this book can make me a more successful investor.

Outstanding little book. I'm in the investment business and have appreciated more the psychology of the investor versus the pursuit of total return performance. I will provide a short corollary. A few weeks ago I had a prospective client visit my office for an interview. She and her husband were looking for a new advisor. My standard approach is to bring a blank writing tablet to these types of meetings and take a lot of notes. One thing I always want to know is the history of a person's experience with investing. The question rocked the lady to tears. Turns out her father had lost all the family money to an unscrupulous advisor and poor investments. Psychology, folks, is definitely a factor in developing a comprehensive investment strategy. As Will Rogers once said: It's not the return on my principal, but of my principal that matters. Read this book and learn.

All of the books in this series are AWESOME! Have learned so much

Wonderful book describing all the cognitive biases and mistakes we humans are likely to make. Even when we know them it is difficult to avoid tripping over them often. This book does a great job of identifying them and providing evidence based studies of such cognitive biases. It is a great tool for any investor to understand the mistakes your gut will try to make you commit. I think any serious investor needs to know about this topic and understand how their own biases work and try to formulate strategies to avoid these investor pitfalls.This was a good purchase and I wish I had bought it sooner. I will put it in my annual re-read list to keep it always fresh and top of mind.

This book should be a prerequisite for all newbies to investing. But I think it’s more important to those veterans that really aren’t doing as great as they think with their investments.

If you are at all intrigued by biases and how that affects our decision making, especially with regards to investing, you’ll enjoy this book. If you have done much study on biases, there won’t be much new in this book, but the application to investing makes it worth it in my opinion. Most of the chapters are relatively short, making it a nice read in a short gap. I found myself looking forward to reading this every chance I found.

A good tour of behavioral investing issues, grounded in behavioral economics research and with on-point anecdotes and quotes from well-known investors. More concise and on-point than Scott Nation's recent The Anxious Investor.