Finance for Normal People: How Investors and Markets Behave
| Author | : | |
| Rating | : | 4.54 (506 Votes) |
| Asin | : | B06XY33VVP |
| Format Type | : | |
| Number of Pages | : | 203 Pages |
| Publish Date | : | 2017-04-10 |
| Language | : | English |
DESCRIPTION:
It teaches financial facts and human behavior, including making cognitive and emotional shortcuts and avoiding cognitive and emotional errors such as overconfidence, hindsight, exaggerated fear, and unrealistic hope. And they draw on the roles of these factors in saving and spending, portfolio construction, returns we can expect from our investments, and whether we can hope to beat the market.Meir Statman, a founder of behavioral finance, draws on his extensive research and the research of many others to build a unified structure of behavioral finance. We are consumers, savers, investors, and managers - corporate managers, money managers, financial advisers, and all other financial professionals.The book guides us to know our wants-including hope for riches, protection from poverty, caring for family, sincere social responsibility and high social s
Statman consults with many investment companies and presents his work to academics and professionals in the U.S. and abroad.. His research on behavioral finance has been supported by the National Science Foundation, CFA Institute, and Investment Management Consultants Association (IMCA) and has been published in the Journal of Finance, Financial Analysts Journal, Journal of Portfolio Management, and many other publications.
Yili said Chapter 1 provides great explanation about Normal People. This book is very interesting and helpful for finance student. Chapter 1 provides great explanation about Normal People. And all concepts are easy to understand. The ideas in this book and its analytical approach have inspired me, and I would recommend the book to anyone when it is published. Chapter "Chapter 1 provides great explanation about Normal People" according to Yili. This book is very interesting and helpful for finance student. Chapter 1 provides great explanation about Normal People. And all concepts are easy to understand. The ideas in this book and its analytical approach have inspired me, and I would recommend the book to anyone when it is published. Chapter 2 refers a lot of references and gives readers a perfect and professional experience. There is a logical order and clear relationship among all points. And I appreciate the author’s expression. Chapter 6 is well written and really cl. refers a lot of references and gives readers a perfect and professional experience. There is a logical order and clear relationship among all points. And I appreciate the author’s expression. Chapter 6 is well written and really cl. "A wonderful behavioral finance book for college educators" according to Chengfu Zhou. Dr. Meir Statman is one of the fathers of "behavioral finance." He has pioneered and developed the field of behavioral finance during the past three decades. "Finance for Normal People" is the latest book of Dr. Statman that presents a comprehensive introduction about the current state of "behavioral finance." It is written in plain English and very easy to follow. The text comes with many real world examples to deliver the concepts to readers even without a strong background in finance. Part one of the book helps readers to understand. Jon Olson said Personal Financial Decision Making Examined. Finance for Normal People provides an incredibly detailed analysis of the biases and tendencies of the average investor. Given many of these tendencies are based on an individual's make up regarding risk taking, often there is a large "sub conscience" aspect to investing. The second half of the book focuses on how to avoid traps or pitfalls, but moreover helps an investor "work with" your own biases in order to achieve goals. I found myself reading a chapter, then trying to self-evaluate my own thinking when I make investment choices.
Learn how to create a portfolio that meets your goals." - Terrance Odean, Rudd Family Foundation Professor of Finance, Haas School of Business, University of California, Berkeley "Insights into goals-based wealth management are some of the many insights in Meir Statman's superb book. Yet, despite Statman's real-world approach, his book remains rigorous and evidenced by the very best research." - Alex Edmans, Professor of Finance at London Business School "Behavioral finance pioneer Meir Statman describes normal people who care about investment profits but also about how investments make them look and feel. Discover how stocks may be mispriced, but the index hard to beat. If you've