Ordinarily, I read all of the books that I review, but when I don’t, I tell my readers. This book I started to read, but I found it so dry that I started skimming it. It’s not that I don’t know the material; it is that I do know it.
The book covers most areas of behavioral finance, however, it does it in an academic way. The book would be ideal for academics and those that appreciate an academic approach to finance, that want to have a taste of many different areas of behavioral finance.
There are more engaging books for practitioners and average investors to read — you would even do better reading articles like this from a leading blogger. (Those at Amazon, please come to Aleph Blog if you want the links.)
When I review books, I try to say who it would be good for — in this case, it is academics. Let average market participants seek elsewhere for more engaging content. If you still want to buy it, you can buy it here: Investor Behavior: The Psychology of Financial Planning and Investing.
Full disclosure: The PR flack asked me if I would like a copy and I said “yes.”
If you enter Amazon through my site, and you buy anything, I get a small commission. This is my main source of blog revenue. I prefer this to a “tip jar” because I want you to get something you want, rather than merely giving me a tip. Book reviews take time, particularly with the reading, which most book reviewers don’t do in full, and I typically do. (When I don’t, I mention that I scanned the book. Also, I never use the data that the PR flacks send out.)
Most people buying at Amazon do not enter via a referring website. Thus Amazon builds an extra 1-3% into the prices to all buyers to compensate for the commissions given to the minority that come through referring sites. Whether you buy at Amazon directly or enter via my site, your prices don’t change.
Recommended for You
By Paul Lienert and Bernie Woodall DETROIT (Reuters) - Ford Motor Co's new chief executive, Mark Fields, is giving the automaker's long-moribund Lincoln brand what his predecessor Alan Mulally never could: a little love and a lot of cash. Lincoln, a storied Detroit brand which Ford has owned since…Reuters
WATSONVILLE, Calif. (AP) — A Silicon Valley startup has developed technology to let dispatchers know when a police officer's weapon has been fired.Associated Press
If you're saving for retirement and panicked by the volatility in the market, at least one pro questions your Street smarts. Get details, now.CNBC
CARACAS, Venezuela (AP) — The falling oil prices that are providing relief to drivers around the world threaten to bring more misery to the life of Milagro Alvarez and millions of other Venezuelans, whose country depends almost exclusively on oil revenue.Associated Press
Probably. But you have to be smart about your investments and your withdrawals. some tips.USA TODAY
Being rich is getting expensive. Just ask Sam Wyly and Anne Dias Griffin. Court papers detail what they spend on a monthly basis to support their lifestyles.CNBC
SHANGHAI (Reuters) - Australia, Indonesia and South Korea skipped the launch of a China-backed Asian infrastructure bank on Friday as the United States said it had concerns about the new rival to Western-dominated multilateral lenders. China's $50 billion Asian Infrastructure Investment Bank (AIIB)…Reuters
The "Fast Money" traders share their top trades for next week.CNBC Videos
WASHINGTON (Reuters) - Lockheed Martin Corp and U.S. defense officials have reached agreement on the terms of a contract worth about $4 billion for an eighth batch of 43 F-35 fighter jets, sources familiar with the deal said on Thursday. The contract will lower the cost of the radar-evading…Reuters
America needs more low-down-payment loans. The government agencies that drive most of the housing market are pushing for lower down-payment standards on mortgages, easing the 20 percent requirement that has become standard for much of the market. The Center for American Progress approves: “We…Bloomberg
MOSCOW (AP) — The plane carrying a top French oil executive and a crew of three was already in the air when it grazed a snowplow, just failing to avoid the fatal crash, Russian crash investigators said Thursday.Associated Press
As the Federal Reserve prepares to end its third round of bond buying next week, the central bank plans to hang on to the record $4.48 trillion balance sheet it has accumulated since announcing the first round of purchases in November 2008. Holding bonds on the Fed's balance sheet limits the supply…Bloomberg
By Michael Vallo You don’t have to be an income investor to like dividend stocks, especially when they've been beaten down like Baker Hughes (BHI) and Oshkosh (OSK) have. Don Wordell only buys dividend-paying companies, and yet the RidgeWorth Mid-Cap Value Fund (SAMVX) yields less than 1%. Wordell…Barrons.com
Oct. 24 (Bloomberg) -- A man, paralyzed after being attacked with a knife, is able to walk again thanks to stem-cell research. A team of scientists from the U.K. and Poland managed to take cells from the patients nose and ankle and repair the damagedcells in his spine. The professor who led the…Bloomberg
Even if you don't owe some of the more than $1.2 trillion of student loan debt, you'll be affected by it. Here's why.CNBC
The ruble extended declines as Bank of Russia shifted its currency band amid concern Standard & Poor’s will cut the country’s credit rating to junk. The central bank raised the corridor against its target ...Bloomberg
Credit Suisse highlights five companies to buy now that should continue to do well even if oil breaks the $80 level.24/7 Wall St.