Why Smart People Make Dumb Mistakes with their Money Audiobook
Why Smart People Make Dumb Mistakes with their Money Audiobook
- Kerry L. Johnson
- Gildan Media
- 2015-02-01
- 3 h 53 min
Summary:
Why Sensible People Make Dumb Mistakes with their Money.
This program explains why investors (possibly your clients) make such
poor decisions using their money. Why perform investors constantly chase returns?
Why do they buy mediocre ventures that underperform the indexes? Why
do they leave their profit investments that lose cash, yet are unwilling
to sell until they upsurge in value? If you can understand your own
behavior with money, you can be a far greater buyer and earn returns that will last all of your life.
1- How Overconfidence Bias creates poor purchase decisions.
2- How the Endowment Effect halts you from selling bad investments.
3- How Sunk Cost Fallacy causes you to own investments until they may be worthless.
4- How Status Quo Bias makes modify more difficult.
5- How Framing and Anchoring motivates you to spend more.
6- The 7 measures in picking a superb financial advisor
7- The 5 critical concepts in creating a successful portfolio
They are the ideas you you may in Behavioral Trading.