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Stop. Think. Invest.
Book

Stop. Think. Invest.

A Behavioral Finance Framework for Optimizing Investment Portfolios

McGraw-Hill, 2022 more...


Editorial Rating

7

Qualities

  • Applicable
  • Concrete Examples
  • Insider's Take

Recommendation

If you want to beat the stock market, don’t be an animal – “animal spirits” may make investing exciting and markets thrilling, but the most successful investors, both professional and amateur, put emotions aside to take sober and realistic perspectives on stocks. Author Michael Bailey bases his guide to investing on the practical discoveries of pioneers in behavioral economics, as well as on his own experiences as a professional investor and sports coach. While getAbstract never offers investment advice, this book’s step-by-step tips, enlivened by case studies, could help you step up your game.

Take-Aways

  • The “investment life cycle” will help discipline your investing.
  • Amateur investors can get a “behavioral edge” over the professionals.
  • Taking reasonable risks in investing can pay off.

About the Author

Michael Bailey, CFA, is the director of research and investment committee chair for FBB Capital Partners, an investment firm.