The Laws Of Wealth (paperback) (psychology And The Secret To Investing Success)

By (author) Crosby Daniel
Short description/annotation
In The Laws of Wealth, psychologist and behavioral finance expert Daniel Crosby presents three sets of real, actionable rules that investors can use to apply the lessons of behavioral finance.
Description
From New York Times and USA Today bestselling author, Dr. Daniel Crosby-the behavioral finance book all investors have been waiting for. In The Laws of Wealth, psychologist and behavioral finance expert Daniel Crosby presents three sets of real, actionable rules that investors can use to apply the lessons of behavioral finance. He begins with ten rules that are the hallmarks of good investor behavior, including ''Forecasting is for Weathermen'', ''If You''re Excited, It''s Probably a Bad Idea'', and ''Trouble is Opportunity''. From here, attention turns to the Four Cs of Rule-Based Investing: Consistency, Clarity, Courageousness, Conviction. The Four Cs provide practical methods to combat behavioral risk in investing. And finally, he introduces the Five Ps of successful equity investing: Price, Properties, Pitfalls, People, Push. Investors can draw on these five methods to select stocks and take advantage of behavioral opportunities in the stock market. Throughout, anecdotes, research, and graphics illustrate the lessons in memorable ways. And in highly valuable ''What now?'' summaries at the end of each chapter, Crosby provides clear, concise direction on what to think, ask, and do next to become a better investor. If you are wondering what years of behavioral finance has delivered for real investors, you should follow the laws of wealth to manage your behavior and improve your investing!
Biographical note
Dr. Daniel Crosby is a psychologist, behavioral finance expert, and one of the foremost experts in applied behavioral science. He is a New York Times and USA Today bestselling author whose two most recent books (The Laws of Wealth and The Behavioral Investor) were both awarded gold medals by the Axiom Business Book Awards. Daniel was named one of the "12 Thinkers to Watch" by Monster.com, a "Financial Blogger You Should Be Reading" by AARP and in the "Top 40 Under 40" by Investment News. When he is not consulting around market psychology, Daniel enjoys independent films, fanatically following St. Louis Cardinals baseball, exploring the American South, and spending time with his family.