Dr. Daniel Crosby provides a practical approach to behavioral finance in new book – ValueWalk Premium
Securities And Exchange Commission SEC

Dr. Daniel Crosby provides a practical approach to behavioral finance in new book

Dr. Daniel Crosby provides a practical approach to behavioral finance in his highly anticipated new book, The Laws of Wealth: Psychology and the secret to investing success

Dr. Daniel Crosby is one of the preeminent behavioral psychologists in investing today, and it shows with this tour de force of how an investor can manage their wealth. With these few simple rules, investors can easily build a framework allowing them to thrive, even when their human instincts try to sabotage their investing. Get this book!
– Aaron Klein, CEO at Riskalyze

From New York Times and USA Today bestselling author, Dr Daniel Crosby, comes the behavioral finance book all investors have been waiting for.

In The Laws of Wealth, psychologist and behavioral finance expert Daniel Crosby provides an accessible and applied take on a discipline that has long tended toward theory at the expense of the practical. Readers are treated to real, actionable guidance as the promise of behavioral finance is realised and practical applications for everyday investors are delivered.

Dr Daniel Crosby said:

“Sixteen years after the ‘Tech Wreck’ of the turn of the century, the US stock market still sits below its 2000 values in real terms – welcome to the new normal. The last 20 years has seen two bubbles come and go, irreparably damaging the savings of small investors, and market valuations currently sit at levels that presage poor returns for the next 5 to 10 years. Add to this the fact that DALBAR and others have shown that investors keep only about half of what the market provides given their tendency to make emotional, short-sighted decisions. But just as surely as investor emotion can destroy returns, an appropriate understanding of market psychology can help investors thrive in the volatile days ahead.

In The Laws of Wealth: Psychology and the secret to investing success, I set forth a concrete vision for managing emotion, capitalizing on psychological mispricings and avoiding backbreaking bubbles. In Part One, I put forward The Ten Commandments of Investor Behavior, a comprehensive list of readily applicable truths for managing self. In Part Two, I outline the ways in which traditional approaches to active management have ignored psychology and how new approaches can improve returns, cut costs and avoid the long-term damage of market bubbles.”

Dr. Crosby’s training as a clinical psychologist and work as an asset manager provide a unique vantage and result in a book that breaks new ground in behavioral finance.
More on book below.
From New York Times and USA Today bestselling author, Dr Daniel Crosby, comes the behavioral finance book all investors have been waiting for.

In The Laws of Wealth, psychologist and behavioral finance expert Daniel Crosby offers an accessible and applied take on a discipline that has long tended toward theory at the expense of the practical. Readers are treated to real, actionable guidance as the promise of behavioral finance is realised and practical applications for everyday investors are delivered.

Crosby presents a framework of timeless principles for managing your behavior and your investing process. He begins by outlining ten rules that are the hallmarks of good investor behavior, including ‘Forecasting is for Weathermen’ and ‘If You’re Excited, It’s Probably a Bad Idea’. He then goes on to introduce a unique new taxonomy of behavioral investment risk that will enable investors and academics alike to understand behavioral risk in a newly coherent and complete way.

From here, attention turns to the four ways in which behavioral risk can be combatted and the five equity selection methods investors should harness to take advantage of behaviorally-induced opportunities in the stock market. Throughout, readers are treated to anecdotes, research and graphics that 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 investors should think, ask and do to benefit from the behavioral research.

Dr. Crosby’s training as a clinical psychologist and work as an asset manager provide a unique vantage and result in a book that breaks new ground in behavioral finance. You need to follow the laws of wealth to manage your behavior and improve your investing process!

Dr. Daniel Crosby provides a practical approach to behavioral finance in new book

LEAVE A COMMENT


X
Saved Articles
X
TextTExtLInkTextTExtLInk

The Life and Career of Charlie Munger

Charlie is more than just Warren Buffett’s friend and Berkshire Hathaway’s Vice Chairman – Buffett has actually credited him with redefining how he looks at investing. Now you can learn from Charlie firsthand via this incredible ebook and over a dozen other famous investor studies by signing up below:

  • Learn from the best and forever change your investing perspective
  • One incredible tidbit of knowledge after another in the page-turning masterpiece of a book
  • Discover the secrets to Charlie’s success and how to apply it to your investing
Never Miss A Story!
Subscribe to ValueWalk Newsletter. We respect your privacy.

What’s missing today for many investors is real, straightforward advice.

Especially when it comes to Value Investing and Hedge Funds. 💵

That’s what makes ValueWalk Premium different. Some would say we’re “unusual.”

Our subscribers look forward to clear, easy-to-understand information they can act on.

Sign up for  today for only a few dollars a day and get a 3 day no obligation trial with a targeted 20% discount coupon code.

Cancel anytime during trial and you are never charged.

Limited time offer: For first 50 subscribers

0