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Snap Judgment: When to Trust Your Instincts, When to Ignore Them, and How to Avoid Making Big Mistakes with Your Money
"Adler’s argument is illuminating and reveals that, when it comes to investing, we should always have second thoughts about our first impressions."
--Publisher's Weekly
WHY YOUR INSTINCTS CAN BE YOUR #1 ENEMY—AND HOW TO DEFEAT THEM! “David Adler’s Snap Judgment is a well-written, entertaining review of human action in risky situations, including stock market behavior and other risk-facing situations. In particular, Adler recounts the conclusions of many practitioners and behavioral finance scholars who have studied such matters. This book is well worth reading, both for its practical advice for the novice and its wealth of illustrations for the pro.” — Harry Markowitz, Nobel Laureate in Economics and father of modern portfolio theory “David Adler has done a great public service by translating a dazzling array of research in economics and finance into practical terms that anyone can understand and profit from. This book should be required reading for every investor.” — Andrew W. Lo, Professor of Finance, MIT Sloan School of Management “Investing and managing your money on the basis of emotion, instincts, and intuition is a road straight to the poorhouse. This book teaches you why—and how to rid yourself of the irrational impulses that torment your portfolio.” — Peter Navarro, bestselling author of If It’s Raining in Brazil, Buy Starbucks and The Coming China Wars “Adler’s book makes a compelling case, illustrated through engaging examples, that the mind and the purse are well served by the triumph of analytic intelligence over intuition.” — Gary Loveman, Chairman, President, & CEO, Harrah’s Entertainment, Inc.
--Publisher's Weekly
WHY YOUR INSTINCTS CAN BE YOUR #1 ENEMY—AND HOW TO DEFEAT THEM! “David Adler’s Snap Judgment is a well-written, entertaining review of human action in risky situations, including stock market behavior and other risk-facing situations. In particular, Adler recounts the conclusions of many practitioners and behavioral finance scholars who have studied such matters. This book is well worth reading, both for its practical advice for the novice and its wealth of illustrations for the pro.” — Harry Markowitz, Nobel Laureate in Economics and father of modern portfolio theory “David Adler has done a great public service by translating a dazzling array of research in economics and finance into practical terms that anyone can understand and profit from. This book should be required reading for every investor.” — Andrew W. Lo, Professor of Finance, MIT Sloan School of Management “Investing and managing your money on the basis of emotion, instincts, and intuition is a road straight to the poorhouse. This book teaches you why—and how to rid yourself of the irrational impulses that torment your portfolio.” — Peter Navarro, bestselling author of If It’s Raining in Brazil, Buy Starbucks and The Coming China Wars “Adler’s book makes a compelling case, illustrated through engaging examples, that the mind and the purse are well served by the triumph of analytic intelligence over intuition.” — Gary Loveman, Chairman, President, & CEO, Harrah’s Entertainment, Inc.
272 pages, Hardcover
First published June 3, 2009
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Displaying 1 - 2 of 2 reviews
December 18, 2017
A sound read. More a book of examples about ‘Snap Judgement’ rather than an investing strategy. Goes in depth into how human psychology plays a significant component in all that we do.
From group think, the fear based phenomenon of buying high and selling low, the GFC and other erroneous cases of distorted thinking, Adler’s book is a welcome addition with intriguing insights.
From group think, the fear based phenomenon of buying high and selling low, the GFC and other erroneous cases of distorted thinking, Adler’s book is a welcome addition with intriguing insights.
April 26, 2010
Why analysis, not instinct, is best for complex decision making
From CEOs to private investors, people tend to place far too much emphasis on their own instincts when making decisions, even though the results are often disastrous. Behavioral economist David E. Adler examines why people make life-altering decisions based on intuition, habit, gut feelings, urges or snap judgments instead of using analytical reasoning, a far better tool for complex decision making. In this absorbing, eminently readable book, Adler offers many fascinating case histories that demonstrate the dangers of intuitive thinking. After weighing the evidence carefully, getAbstract finds that investors, managers and other decision makers will certainly benefit from reading his report.
From CEOs to private investors, people tend to place far too much emphasis on their own instincts when making decisions, even though the results are often disastrous. Behavioral economist David E. Adler examines why people make life-altering decisions based on intuition, habit, gut feelings, urges or snap judgments instead of using analytical reasoning, a far better tool for complex decision making. In this absorbing, eminently readable book, Adler offers many fascinating case histories that demonstrate the dangers of intuitive thinking. After weighing the evidence carefully, getAbstract finds that investors, managers and other decision makers will certainly benefit from reading his report.
Displaying 1 - 2 of 2 reviews