The Behavioral Investor Hardcover – 16 October 2018

A very well written piece of work to help know your emotions better while investing and the constraints and the limitations of human element while investing.

In short -This book is mostly about the psychology of long-term investors. Be aware the advice in the book is not applicable for short term investors. This book offers a rich advice on why we choose what we choose and how to choose the best. This book goes by the philosophy that; If you focus on the problem more, the solution will be much easier and more attainable.The Long version -This book is mostly about the mindset of investors. Not necessarily short-term traders, but long-term investors. This book talks about why people make certain decisions. He (the author) says that, to understand the way of trading or investing, we must first understand the minds of those people that created that art (Investing). He says we must focus on understanding the mind of the human being.You see most of us, and our thoughts are mostly inherited from our ancestors. We still possess certain primitive aspects of our ancestor's minds. We still make certain decisions based on those instincts. He talks about certain problems that plague the minds of investors. Just like Einstein said, “when provided with 60 mins to solve a problem, I would spend 55 mins on the problem", the author explains and elaborates on the problems for the entire first half of the book. He takes various studies, focusing on the decisions taken by various people under different circumstances. Sometimes the number of studies mentioned by the author, become overwhelming. Rest aside, I thought the book could be a bit shorter, without all the extra scientific studies.But the author does a very good job in explaining the various psychological aspects that go into investing. He discussed the four basic problems faced by a person when making investment decisions. He concludes the first part by saying that we must understand ourselves.Then he goes discussing the four problems by elaborating and filling my head with a shit load of studies. It became too much. The advice given in the book, is a bit less, but necessary and given the context, it's pretty good. Mainly we are plagued by; Ego, Conservatism, Emotion, fear of risk. These are the four problems faced by investors.The entire first half is about these problems and how we humans have certain tendencies to behave in that way. It's good, the amount of information and details that the author bashes on our heads.The next part of the book is about how can we learn to overcome these certain problems of the investors. To be a good investor we must be cold like a sociopath. We must not succumb to the emotions that the external world bombards us with. He also gives us some practical advice. But the explanation of the problems is lot more than the solutions given. This book is a dense read, trying to read and keep up with the unsurmountable amount of details can be overwhelming sometimes. But we must work hard to learn something.But in the end no matter how much we do our research, there is always a touch of luck in the world of investing. He also concludes by highlighting the rules of value investing and encourages it. The advice is mostly simple, like diversifying, low P/B ratio stocks, investing for the long term. But all the advice is backed up by stupid load of research.

This book is an eye-opener. Gives insights into some of the regular things we see in life but ignore thinking it's a normal behavior. Every chapter opens up doors into people's psyche. The better thing about the book is that the conclusions are based on experiments and not the author's prejudice or theoretical knowledge.This is a book, where the reader has to do as much thinking to understand the 'rationality' behind those 'irrational' behaviors. Though, one thing I observed was the author missing the impact of culture.Overall a great read.

Book had wrinkles on the cover when I received it. It didnt seem to be like a new one to me.

This should be the first book every investor should read before even the classics. This book achieves the impossible feat if making the utter stupidity of human behaviour enjoyable.

The law of wealth : Psychology and the secret to investing success.Education of detail financial markets' if and buts.Worth reading who belong to this industry and who want to invest in.

The Behavioural Investor is a real treasure with innumerable quality references. This book clearly laid down the traits of "The Investor'. After reading it twice, i am placing it in my reference folder.

Nice read on behavioral finance. Tells us it's good to accept that we are mediocre and then try investing. Good one.