Think Like The Great Investors: Make Better Decisions And Raise Your Investing To A New Level
by Colin Nicholson /
2013 / English / Kindle, EPUB
2.8 MB Download
'To invest successfully over a lifetime does not require astratospheric IQ, unusual insights, or inside information. What'sneeded is a sound intellectual framework for making decisions andthe ability to keep emotions from corroding thatframework.'
Warren Buffett
It's no secret that if you want to master the market, your bestrole models are the most successful investors. They evaluate newinformation and consistently use their knowledge to make winningdecisions about whether to buy, sell, hold or stay out of themarket. Their edge is not that they know more than we do. Theysucceed because they think differently, using decision-makingstrategies to avoid the natural thought patternsor cognitivebiasesthat hold us back in our investing.
Think Like the Great Investors uncovers the most commoncognitive biases that can undermine our investment decisions andprovides practical strategies to manage them. It will help youdevelop a mindset that leads to investing excellence throughsuperior decision making by avoiding potential traps likeconfirmation bias, mental accounting, sunk cost bias, the naturaltendency towards overconfidence, and being carried along by thecrowd at turning points in the market.
In a clear and simple style, this book shows you how to:
recognise your natural cognitive biases, and how they candistort your investment decisions
employ proven strategies for overcoming your biases andimproving your investment performance
develop the art of contrary thinking to avoid being carriedaway by crowd behaviour at the top of bull markets
manage uncertainty with greater confidence.
Learn how the great investors think in order to raise yourinvesting to a new level and join the winners' circle. Think Like the Great Investors shows you the way.
