Psychological Barriers to Successful Investing: Six Critical Strategies to Overcome Cognitive Biases

Did you know that the essential quality of a successful investor may be temperament, not intellect? Are you aware that the greatest barrier to your investing success may be staring out at you from your mirror?I have found that I am often blind to my psychological shortcomings. I know that I don’t know, but I’ve come to realize that I have very little idea of how little I know. Like me, you may have limited awareness of the psychological barriers that limit your investing potential.The psychological barriers to your investing efforts are unconscious and difficult to master. These barriers are often tied to specific self- defeating Cognitive Biases. Not only are these thinking biases exceedingly common, but too often they trigger emotions that can alter your investment potential. Significantly!When we are under the influence of powerful emotions such as fear, greed, boredom or regret we can fall prey to such psychological biases as:Becoming overconfident Confusing luck with skillPutting too much faith in expert predictionsBasing decisions on information that is most readily recalledBelieving information because others doPutting the most trust in information that confirms our biasesThis book offers six powerful proven strategies designed to combat the wealth-robbing emotions and thoughts that haunt all investors.
ASIN: 1688560149
VSKU: BVV.1688560149.VG
Condition: Very Good
Author/Artist:Shelton Ph.D., John
Binding: Paperback
Note: Any images shown are stock photographs and product may differ from what is shown.
Condition Notes: Book has little sign of wear or use