Think Like the Great Investors

Colin Nicholson 지음

Wiley 2013년 06월 13일 출간

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Achieve a new level of investing and trading success by defeating your worst enemym-yourselfSuccessful trading relies on three vital skills: market analysis, money management, and decision-making. The first two are straightforward skills anyone can learn, but the third is much more difficult. Your ability to make the right decisions isn't based on hard facts, but psychological realities like your own temperament, your own biases, and the biases of other traders. In essence, you can only master the stock market when you master yourself first, and that starts with making the right decisions habitually. Think Like the Great Investors is organised into four distinct parts that show you how to understand your own temperament, the psychology of the market as a whole, your own biases and decision-making errors, and how to practically apply your understanding of these factors into your decision-making system.Written by highly respected investment teacher, speaker, and writer Colin NicholsonIdeal for both inexperienced traders who want to lower their risk as well as experienced traders who lack that one final piece in the trader's skillsetFor anyone looking for that final piece of the investing puzzle, the answer is right here. With Think Like the Great Investors, you'll leap beyond the final hurdle to super-successful investing . . . yourself.

목차

About the author xiImportant note xiiiPART I: STRETCHING OUR MIND 11 Shaping our destiny 32 Men and women (overconfidence) 73 I am absolutely certain (overconfidence, confirmation and availability) 134 Mine, all mine (mental accounting) 335 Why we never learn (reinforcement and punishment) 416 Love is blind (cognitive dissonance) 477 A little knowledge is dangerous (representativeness) 538 It must be tails next (the gambler&'s fallacy) 599 Dangerous rewards (random reinforcement) 6910 How much is it? (anchoring) 7311 Reconstruction (hindsight) 8112 Why we get it wrong (disposition effect and prospect theory) 8713 We cannot change the past (the sunk cost fallacy) 9514 I remember it all too well (availability revisited) 10115 What goes up . . . (small numbers, reversion to the mean) 10716 What is it worth? (overreaction) 11317 He who hesitates is last (inertia) 11918 What do you want to do? (regret) 12719 Ask why not? (confirmation revisited) 13520 I want it now (impulsiveness, immediate gratification) 14121 Tell me why (randomness) 14722 It can&'t happen (normalcy) 153PART II: IN THE AVALANCHE 16123 Mob rule (crowds) 16324 Notes and commentary on Gustave Le Bon's The Crowd 16925 Contrary to popular belief . . . 187PART III: CATCHING THE TIDE 19326 Nine keys 19527 Failure traits 19928 Dealing with loss 20329 Plan to succeed 20730 Seven investing sins 21131 The wall 21532 Capitulation 21933 Tough going 22534 Be early 22935 Blinded by fear 23536 Conquer fear 239Further reading 243Index 247

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저자(글) Colin Nicholson

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COLIN NICHOLSON BEc, SF Fin has been investing his own money in Australian shares for over 45 years and publishes his returns on his website www.bwts.com.au. He has taught both technical analysis and fundamental analysis at a postgraduate level. Students at the Securities Institute of Australia rated him an #39;Outstanding Presenter#39;. Colin has been a highly ranked speaker at Australian Investors Association and Australian Technical Analysts Association conferences as well as being a sought#45;after speaker to investing associations and at expos nationally. He has written five books on investing, including Building Wealth in the Stock Market, The Psychology of Investing, The Aggressive Investor, Hot Stocks 2007, and Hot Stocks 2008.