Summary of Inside the Investor's Brain

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Inside the Investor's Brain book summary
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Rating

8 Overall

8 Applicability

7 Innovation

8 Style

Recommendation

Richard L. Peterson’s book is riveting, useful and, at times, poignant and funny. Peterson discusses a broad range of emotional and cognitive factors that influence investing. Some are common and will apply to all readers, but others are so subtle that they are sure to surprise even experienced investors. Peterson synthesizes and summarizes neuropsychology and behavioral studies, explains them in clear prose and illustrates them with examples drawn from investors’ lives – and sometimes from their disasters. getAbstract recommends this work to readers interested in behavioral economics or in improving their investment practices.

In this summary, you will learn

  • How emotions and personality affect investing
  • How cognitive factors shape investing
  • How to compensate for these influences
 

About the Author

Richard L. Peterson is an associate editor at The Journal of Behavioral Finance and a managing partner of Market Psychology Consulting.

 

Summary

The Roots of Your Financial Decisions
You have a solid education in finance and investment. You can rationally evaluate the risks and the potential payoffs in any given situation – but do you act upon your knowledge? If you’re like most people, the answer is “sometimes.” Unfortunately, ...

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