Why Smart People Make Big Money Mistakes and How to Correct Them

Why Smart People Make Big Money Mistakes and How to Correct Them
Author: Gary Belsky,Thomas Gilovich
Publsiher: Simon and Schuster
Total Pages: 288
Release: 2010-01-12
Genre: Business & Economics
ISBN: 9781439169742

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Protect and grow your finances with help from this definitive and practical guide to behavioral economics—revised and updated to reflect new economic realities. In their fascinating investigation of the ways we handle money, Gary Belsky and Thomas Gilovich reveal the psychological forces—the patterns of thinking and decision making—behind seemingly irrational behavior. They explain why so many otherwise savvy people make foolish financial choices: why investors are too quick to sell winning stocks and too slow to sell losing shares, why home sellers leave money on the table and home buyers don’t get the biggest bang for their buck, why borrowers pay too much credit card interest and savers can’t sock away as much as they’d like, and why so many of us can’t control our spending. Focusing on the decisions we make every day, Belsky and Gilovich provide invaluable guidance for avoiding the financial faux pas that can cost thousands of dollars each year. Filled with fresh insight; practical advice; and lively, illustrative anecdotes, this book gives you the tools you need to harness the powerful science of behavioral economics in any financial environment.

Why Smart People Make Big Money Mistakes and how to Correct Them

Why Smart People Make Big Money Mistakes  and how to Correct Them
Author: Gary Belsky,Thomas Gilovich
Publsiher: Gary Belsky
Total Pages: 220
Release: 2000
Genre: Business & Economics
ISBN: 0684859386

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Offers financial advice

Why Smart People Make Big Money Mistakes and how to Correct Them

Why Smart People Make Big Money Mistakes  and how to Correct Them
Author: Gary Belsky,Thomas Gilovich
Publsiher: Simon and Schuster
Total Pages: 220
Release: 1999
Genre: Business & Economics
ISBN: 9780684844930

Download Why Smart People Make Big Money Mistakes and how to Correct Them Book in PDF, Epub and Kindle

Offers advice on how to invest, spend, and save money the right way

Why Smart People Make Big Money Mistakes and How to Correct Them

Why Smart People Make Big Money Mistakes and How to Correct Them
Author: Gary Belsky,Thomas Gilovich
Publsiher: Simon & Schuster
Total Pages: 288
Release: 2010-01-12
Genre: Business & Economics
ISBN: 1439163367

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• A fascinating and practical manual: Looking at the ways we spend, save, borrow, invest, and waste money, Gary Belsky and Thomas Gilovich reveal the psychology underlying irrational financial behavior. Entertaining case studies illustrate common patterns of thinking and show readers how changing their habits can protect and grow their assets. . • New information for a new economic climate: Belsky and Gilovich offer sound theory and sensible advice that accounts for new economic realities and helps people make good decisions in these difficult times. . • Increasing prominence of the field: Interest in behavioral economics has increased dramatically since the first edition was released. This updated volume will offer the latest research to readers eager to learn about its practical applications..

Essentials of Negotiation

Essentials of Negotiation
Author: Roy J. Lewicki,David M. Saunders,Bruce Barry,Kevin Tasa
Publsiher: Unknown
Total Pages: 202
Release: 2020
Genre: Negotiation
ISBN: 1260065871

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Wealth Without Worry

Wealth Without Worry
Author: James N. Whiddon
Publsiher: Brown Books
Total Pages: 171
Release: 2005
Genre: Business & Economics
ISBN: 193328501X

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Most investment strategies focus on improving returns through market timing and stock picking—techniques known as active management. If these practices are so effective, why do returns for the overwhelming majority of investors lag well behind the market indices year after year? In Wealth Without Worry, authors James Whiddon and Lance Alston expose Wall Street's flawed system and offer a proven alternative to chasing returns. While Wall Street firms claim they can help investors pick winning securities and time the market's ups and downs, Whiddon and Alston clearly demonstrate how market returns can be harnessed simply and consistently through a properly diversified portfolio. Wealth Without Worry is based on Nobel Prize-winning research in economics—what has become known as Modern Portfolio Theory (MPT). The investing principles outlined in this book have been tested and refined for decades in both academia and the real world. Wealth Without Worry shows readers how to apply these principles using a super-diversified Market Return Portfolio (MRP). By not succumbing to Wall Street shell games, all investors can have long-term success. Wealth Without Worry gives readers a map to the last investment strategy they'll ever need.

The Psychology of Money

The Psychology of Money
Author: Morgan Housel
Publsiher: Harriman House Limited
Total Pages: 209
Release: 2020-09-08
Genre: Business & Economics
ISBN: 9780857197696

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Doing well with money isn’t necessarily about what you know. It’s about how you behave. And behavior is hard to teach, even to really smart people. Money—investing, personal finance, and business decisions—is typically taught as a math-based field, where data and formulas tell us exactly what to do. But in the real world people don’t make financial decisions on a spreadsheet. They make them at the dinner table, or in a meeting room, where personal history, your own unique view of the world, ego, pride, marketing, and odd incentives are scrambled together. In The Psychology of Money, award-winning author Morgan Housel shares 19 short stories exploring the strange ways people think about money and teaches you how to make better sense of one of life’s most important topics.

Behavioral Finance The Second Generation

Behavioral Finance  The Second Generation
Author: Meir Statman
Publsiher: CFA Institute Research Foundation
Total Pages: 246
Release: 2019-12-02
Genre: Business & Economics
ISBN: 9781944960865

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Behavioral finance presented in this book is the second-generation of behavioral finance. The first generation, starting in the early 1980s, largely accepted standard finance’s notion of people’s wants as “rational” wants—restricted to the utilitarian benefits of high returns and low risk. That first generation commonly described people as “irrational”—succumbing to cognitive and emotional errors and misled on their way to their rational wants. The second generation describes people as normal. It begins by acknowledging the full range of people’s normal wants and their benefits—utilitarian, expressive, and emotional—distinguishes normal wants from errors, and offers guidance on using shortcuts and avoiding errors on the way to satisfying normal wants. People’s normal wants include financial security, nurturing children and families, gaining high social status, and staying true to values. People’s normal wants, even more than their cognitive and emotional shortcuts and errors, underlie answers to important questions of finance, including saving and spending, portfolio construction, asset pricing, and market efficiency.