23rd out of 168 books — 10 voters
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Inside the Investor's Brain: The Power of Mind Over Money
Unique insights into how the mind of an investor operates and how developing emotional awareness leads to long-term success Inside the Investor's Brain provides readers with specific techniques for understanding their financial psychology, so that they can improve their own performance and learn how to outsmart other investors. Chapter by chapter, author Richard Peterson a ...more
Hardcover, 392 pages
Published July 1st 2007 by John Wiley & Sons
(first published January 1st 2007)
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This weighty tome covers all of the latest research in neurofinance, from the biochemistry of the brain to the behavioral economics studies by Dan Ariely. It's not a page turner, but does read easily and makes it easy to find specific topics of interest. Key points include: you need feelings to correctly interpret risk, some of these psychological effects are reduced if consciously examined, a Warren Buffet quote made at the age of 21 (Be fearful when others are greedy. Be greedy when others are ...more
Apr 28, 2015 Larry rated it really liked it
Recommends it for: people interested in intersection of neruoscience and financial markets
This book reminded me a lot of John Coates's The Hour Between Dog and Wolf: Risk Taking, Gut Feelings and the Biology of Boom and Bust, but I found Peterson's book much more expansive and is an obvious forerunner to Coates's book, which is focused more on institutional trading. Published in 2007, it seems to me that this was probably one of the first books to popularize all of these neuroscientific/human behavioral in the financial markets studies that were done around the turn of this new centu ...more
A better than usual collection and especially interpretation of psychology studies which speak to how people try to invest their money, why and how they screw themselves, and what one may do about that...with lots of time and interest in improving oneself. Bottom line, if you want money money money, you're already in trouble, but if you're willing to be successful as an incidental result of a relentless study to improve your own wrong thinking and unhelpful feelings, then there may be hope.