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Books on investing and behavioral finance

Posted on 5/21/19 at 7:24 pm
Posted by AugustaTiger
Augusta, Georgia
Member since Dec 2017
743 posts
Posted on 5/21/19 at 7:24 pm
What are some of your favorite books on investing and behavioral finance? Not looking for Liar’s Poker type and don’t want it to be as complex as the Intelligent Investor.

TIA
Posted by lilsnappa
Red Stick
Member since Mar 2006
1793 posts
Posted on 5/21/19 at 7:40 pm to
Posted by The Seaward
Baton Rouge
Member since Jan 2006
11345 posts
Posted on 5/21/19 at 10:00 pm to
It doesn't focus exclusively on investing, but Thinking Fast and Slow by Daniel Kahneman is the best book on behavioral economics/psychology I have ever read. I think it can help improve decision making in all areas, including finances.
This post was edited on 5/21/19 at 10:03 pm
Posted by Junky
Louisiana
Member since Oct 2005
8357 posts
Posted on 5/21/19 at 10:37 pm to
I kinda hate giving advice on how to invest, as we are all God's unique creations... The SImeple Path To Wealth has changed my views on investing. I've always had a positive outlook on US economic power, and gravitated towards reading about our awesome country. This book has made me more aggressive in my path as even though I don't want o retire early (early being 40s) I do want to have more options. I've been rutting it up in conservative investments the past 14 years with what I felt as not much control over my money. That changed a couple of months ago.

I'll do him a dis-service he wont mind and direct you to his stock-series portion of his blog....its the same as the book.

I do enjoy most of Jack Bogle's stuff. He had that right frame of mind early on. However, I absolutely do not agree with his liberal views and his a poor outlook on equities before he passed. I believe we will see a gradual increase in returns in the next century. Market efficiencies and technology demand it as we start performing more with less. Sure, we'll have our crashes, and recover as we figure out our mistakes. The volume of growth will outpace anything we've ever seen though. I guess what I'm blabbering about is as technology improves, so does the market....just look at where we were in the 1700s, to the GDP of 1850, 1900, 1950, 1990, 2000s, 2010s...we are really booming. Why do you think companies fail all the time? Because other companies kick their arse. Competition fuels the market - and we always want to win.
Posted by JetsCoach
Bossier City
Member since Dec 2017
769 posts
Posted on 5/21/19 at 11:51 pm to
You don't need a book. Invest in things you use everyday. Electricity, phone, services that you pay a monthly check. also services like Amazon,Google, Facebook etc.
One rule you must always follow.... Never Ever make any decisions based on
FEAR or GREED... Either one will cost you dearly.

Thats more than you will get in most books and a lot easier to understand.

This post was edited on 5/22/19 at 12:09 am
Posted by Novae
Member since Aug 2005
97 posts
Posted on 5/22/19 at 8:45 am to
Fooled by Randomness by Taleb
Posted by AlexLSU
Member since Jan 2005
25341 posts
Posted on 5/22/19 at 10:01 am to
quote:

doesn't focus exclusively on investing, but Thinking Fast and Slow by Daniel Kahneman is the best book on behavioral economics/psychology I have ever read. I think it can help improve decision making in all areas, including finances


If you enjoy Kahneman, check out Michael Lewis’ book The Undoing Project. It focuses on Kahneman’s relationship with his colleague and friend, Amos Tversky, who was the driving force behind a lot of their behavioral economic theories.
Posted by Waveed
In a barrel of oil
Member since Jan 2018
40 posts
Posted on 5/22/19 at 10:54 pm to
Just bought. Thanks
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