The book guides us to know our wants—including hope for riches, protection from poverty, caring for family, sincere social responsibility, and high social status. 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 it guides us to banish ignorance, gain knowledge, and increase the ratio of smart to foolish behavior on our way to what we want.
These lessons of behavioral finance draw on what we know about us—normal people—including our wants, cognition, and emotions. 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.
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Creators
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Publisher
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Release date
August 18, 2020 -
Formats
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OverDrive Listen audiobook
- ISBN: 9781469081366
- File size: 476671 KB
- Duration: 16:33:03
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Languages
- English
Why is availability limited?
×Availability can change throughout the month based on the library's budget. You can still place a hold on the title, and your hold will be automatically filled as soon as the title is available again.
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×Read-along ebook
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