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7 Mistakes Every Investor Makes (and How to Avoid Them): A Manifesto for Smarter Investing
Every investor makes mistakes. Private or professional, amateur or experienced, there is no exception.
And many of these are common mistakes. Whether or not they want to admit it, many investors have committed the same errors. How can you avoid these mistakes? How can you distinguish yourself as an investor and improve your performance?
Joachim Klement, research analyst and former Chief Investment Officer with 20 years' experience in financial markets, has the answers.
Seven Mistakes Every Investor Makes (And How To Avoid Them) calls upon years of experience and scientific research to deliver expert insight into the most common mistakes plaguing investors. From there, Klement outlines his personal tools and techniques, developed, refined and successfully implemented over many years in the finance industry, to help avoid and mitigate such mistakes. His ultimate aim: to help you help yourself.
The mistakes covered include forecasting, short- and long-term orientation, repeating past errors, confirmation bias, not delegating to experts, and blind trust of traditional assumptions.
Seven Mistakes Every Investor Makes (And How to Avoid Them) is a must-have guide for every investor. Packed with scientific research and personal wisdom, this book draws together the most common investing mistakes in order to practically reveal how to overcome and eliminate them.
Don't make another avoidable mistake by missing out on this book.
And many of these are common mistakes. Whether or not they want to admit it, many investors have committed the same errors. How can you avoid these mistakes? How can you distinguish yourself as an investor and improve your performance?
Joachim Klement, research analyst and former Chief Investment Officer with 20 years' experience in financial markets, has the answers.
Seven Mistakes Every Investor Makes (And How To Avoid Them) calls upon years of experience and scientific research to deliver expert insight into the most common mistakes plaguing investors. From there, Klement outlines his personal tools and techniques, developed, refined and successfully implemented over many years in the finance industry, to help avoid and mitigate such mistakes. His ultimate aim: to help you help yourself.
The mistakes covered include forecasting, short- and long-term orientation, repeating past errors, confirmation bias, not delegating to experts, and blind trust of traditional assumptions.
Seven Mistakes Every Investor Makes (And How to Avoid Them) is a must-have guide for every investor. Packed with scientific research and personal wisdom, this book draws together the most common investing mistakes in order to practically reveal how to overcome and eliminate them.
Don't make another avoidable mistake by missing out on this book.
- GenresSelf Help
216 pages, Kindle Edition
Published February 4, 2020
10 people are currently reading
289 people want to read
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Displaying 1 - 8 of 8 reviews
January 23, 2021
Pretty basic stuff here, skimmed through the book, can be easily skipped.
July 30, 2021
Quick and simple read, I did skim through some portions, e.g. if forecasting doesn't work, don't bother to read through the write up on it.
What's helpful is that the author sums up each chapter with a summary main points and helps to digest the information.
One interesting thing I learnt about myself was that I'm a long term investor but the danger is holding on for too long and not selling when it's time to do so.
Overall a good read. If you have no time, jump straight to the summaries.
What's helpful is that the author sums up each chapter with a summary main points and helps to digest the information.
One interesting thing I learnt about myself was that I'm a long term investor but the danger is holding on for too long and not selling when it's time to do so.
Overall a good read. If you have no time, jump straight to the summaries.
September 16, 2023
My expectations were not high when I cracked open “7 mistakes every investor makes (and how to avoid them)” - a title straight out of the would-be bestseller financial advice factory - but boy am I glad I read it. The financial advice factory usually churns out completely hollow books, containing statements instead of facts, and opinion instead of working theories.
This book discusses many very salient issues investors face and (hold my beer) backs them up with data, analysis, and extensive references to academic and real-world studies. The first 6 (of 8) chapter contained insight after insight, underpinned with data and facts. Really great stuff and I am sure I will read this again.
The last 2 chapters are more speculative and qualitative, and less useful. I believe the author could have made more of this review of non-linear market models (etc) than the mere mention of them. Sad to say these two last chapters prevented me from awarding 5 stars, but, despite that, the bulk of the book is fantastic. I heartily recommend this to investors of all stripes!
This book discusses many very salient issues investors face and (hold my beer) backs them up with data, analysis, and extensive references to academic and real-world studies. The first 6 (of 8) chapter contained insight after insight, underpinned with data and facts. Really great stuff and I am sure I will read this again.
The last 2 chapters are more speculative and qualitative, and less useful. I believe the author could have made more of this review of non-linear market models (etc) than the mere mention of them. Sad to say these two last chapters prevented me from awarding 5 stars, but, despite that, the bulk of the book is fantastic. I heartily recommend this to investors of all stripes!
February 21, 2020
Not For the Beginner
Like many other books on finance and investing, this one assumes you have at least basic knowledge of what and how investing works. However, for those with that knowledge, the information is well well explained. I just need better understanding of the purpose and basics of what investing is before worrying about making mistakes.
Like many other books on finance and investing, this one assumes you have at least basic knowledge of what and how investing works. However, for those with that knowledge, the information is well well explained. I just need better understanding of the purpose and basics of what investing is before worrying about making mistakes.
February 17, 2020
An honest investment self help book that doesn't read like a normal self help book. No secrets, magic recipes but rather logical advice backed by research and data. Highly recommended for both private and professional investors.
September 12, 2020
Because of the author's background of asset allocation, this book is of general and broad advice but has nothing to do with stock selection and detailed investment decisions. Not suitable for professional stock pickers (no security-level knowledge covered) or asset allocators (too intro level).
December 21, 2020
Why would someone waste time in writing the obvious...again and again...Yawn! A waste of time
July 11, 2021
Different viewpoint on the market risks and uncertainty. Uncertainty increases as we forsee longterm. Diverse portfolio should have winners and some losers also.
Displaying 1 - 8 of 8 reviews