Behavioural Investing: A Practitioner's Guide to Applying Behavioural FinanceJohn Wiley & Sons, 29 oct 2007 - 736 páginas Behavioural investing seeks to bridge the gap between psychology and investing. All too many investors are unaware of the mental pitfalls that await them. Even once we are aware of our biases, we must recognise that knowledge does not equal behaviour. The solution lies is designing and adopting an investment process that is at least partially robust to behavioural decision-making errors. Behavioural Investing: A Practitioner’s Guide to Applying Behavioural Finance explores the biases we face, the way in which they show up in the investment process, and urges readers to adopt an empirically based sceptical approach to investing. This book is unique in combining insights from the field of applied psychology with a through understanding of the investment problem. The content is practitioner focused throughout and will be essential reading for any investment professional looking to improve their investing behaviour to maximise returns. Key features include:
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Índice
Investors as Dopamine Addicts | 3 |
SelfControl is Like a Muscle | 11 |
Part Man Part Monkey | 17 |
Take a Walk on the Wild Side | 37 |
Brain Damage Addicts and Pigeons | 47 |
What Do Secretaries Dustbins and the Da Vinci Code have in Common? 55 | 55 |
The Limits to Learning | 63 |
Behaving Badly | 79 |
The Little Note that Beats the Market | 337 |
Improving Returns Using Inside Information | 355 |
Part I | 367 |
Written with Sebastian Lancetti | 375 |
Sectors Value and Momentum | 387 |
SectorRelative Factors Works Best | 395 |
Cheap Countries Outperform | 405 |
CAPM is CRAP or The Dead Parrot Lives A Brief History of Time 425 | 425 |
A Behavioural Critique | 97 |
Sin | 99 |
Ignore all Economists Strategists Analysts | 105 |
Why Forecast When the Evidence Shows You Cant? | 114 |
Debasing | 120 |
The Illusion of Knowledge or Is More Information Better Information? | 133 |
Why Waste Your Time Listening to Company Management? Managers are Just as Biased as the Rest of | 145 |
Thinking You Can Outsmart Everyone Else Envy 13 Whos a Pretty Boy Then? Or Beauty Contests Rationality and Greater | 153 |
Fools | 161 |
A Simple Model of Our Contest | 168 |
The Story is The Thing or The Allure of Growth | 193 |
Are Two Heads Better Than One? | 209 |
The Tao of Investing | 219 |
Come Out of the Closet or Show Me the Alpha | 225 |
Strange Brew | 235 |
Contrarian or Conformist? | 247 |
An Ode to Quant | 259 |
The Perfect Value Investor | 273 |
A Blast from the Past | 279 |
On the Importance and Pain of Being a Contrarian | 285 |
On Beta | 291 |
Bargain Hunter or It Offers Me Protection | 321 |
Written with Rui Antunes | 329 |
Risk Managers or Risk Maniacs? | 437 |
Finances Favourite FourLetter Word | 445 |
The Anatomy of a Bubble | 455 |
Alpha Generation | 469 |
A Cynical Bubble | 493 |
The Empirical Evidence | 507 |
Belief Bias and the Zen Investing | 521 |
Dividends Do Matter | 529 |
Dividends Repurchases Earnings and the Coming Slowdown | 541 |
Return of the Robber Barons | 549 |
The Purgatory of Low Returns | 563 |
How Important is the Cycle? | 573 |
Have We Really Learnt So Little? | 581 |
Some Random Musings on Alternative Assets | 587 |
Lesson from Behavioural Finance and for Corporate | 599 |
Conditions that Turn Good People | 608 |
Mechanisms Driving Poor Ethical Behaviour | 627 |
If It Makes You Happy | 651 |
Materialism and the Pursuit of Happiness | 655 |
References | 667 |
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Otras ediciones - Ver todo
Behavioural Investing: A Practitioner's Guide to Applying Behavioural Finance James Montier Vista previa restringida - 2007 |
Behavioural Investing: A Practitioner's Guide to Applying Behavioural Finance James Montier Vista previa restringida - 2009 |
Behavioural Investing: A Practitioner's Guide to Applying Behavioural Finance James Montier No hay ninguna vista previa disponible - 2009 |
Términos y frases comunes
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