Why Smart People Make Dumb Mistakes with their Money Audiobook (Free)
- Kerry L. Johnson
- 3 h 53 min
- Gildan Media
- 2015-02-01
Summary:
Why Clever People Make Dumb Mistakes with their Cash.
The program explains why investors (possibly your clients) make such
poor decisions with their money. Why do investors constantly run after returns?
Why do they buy mediocre ventures that underperform the indexes? Why
do they keep their profit investments that lose money, yet are unwilling
to market until they upsurge in value? If you can understand your personal
behavior with cash, you will become a much better investor and earn comes back that may last all of your life.
1- How Overconfidence Bias creates poor expenditure decisions.
2- How the Endowment Effect stops you from selling bad investments.
3- How Sunk Cost Fallacy causes you to own ventures until they are worthless.
4- How Status Quo Bias makes alter more difficult.
5- How Framing and Anchoring motivates you to invest more.
6- The 7 steps in picking an outstanding financial advisor
7- The 5 critical concepts in creating a successful portfolio
They are the principles you you are going to in Behavioral Trading.
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