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The 10 Biggest Investment Mistakes Canadians Make And How To Avoid Them
The National Bestseller is just as relevant today as it was when it was first published, because investors are still making the same mistakes!
Do you ever pay top dollar to go to a sports event or concert, but then drive around and around the block to save a few dollars on parking? Would you go 15 minutes out of your way to save $25 on a $45 lamp, but not to get a $750 television set for $725? Are you more comfortable choosing the numbers 8, 17, 9, 4, 11, 34 for a lottery ticket than 1, 2, 3, 4, 5, 6?
If you answered yes to any of these questions, you’re like everyone else – a victim of human nature. In this national best-selling book, author and financial industry executive Ted Cadsby shares the secrets of the field of behavioural economics and shows you how your own psychology is at the root of the 10 most costly investment mistakes you’re likely to make. He also provides a concrete solutions and detailed advice to help you outsmart yourself, put market probabilities in your favor, and improve your investment returns.
Do you ever pay top dollar to go to a sports event or concert, but then drive around and around the block to save a few dollars on parking? Would you go 15 minutes out of your way to save $25 on a $45 lamp, but not to get a $750 television set for $725? Are you more comfortable choosing the numbers 8, 17, 9, 4, 11, 34 for a lottery ticket than 1, 2, 3, 4, 5, 6?
If you answered yes to any of these questions, you’re like everyone else – a victim of human nature. In this national best-selling book, author and financial industry executive Ted Cadsby shares the secrets of the field of behavioural economics and shows you how your own psychology is at the root of the 10 most costly investment mistakes you’re likely to make. He also provides a concrete solutions and detailed advice to help you outsmart yourself, put market probabilities in your favor, and improve your investment returns.
- GenresFinance
263 pages, Paperback
Published January 1, 2000
1 person is currently reading
7 people want to read
About the author
Ted Cadsby
5 books4 followersTED CADSBY, MBA, CFA, ICD.D is a corporate director, consultant, speaker and bestselling author who has been extensively interviewed by the national media. Ted has held several prominent positions in the financial sector, including executive vice president of Retail Distribution at CIBC where he led a team of 18,000 employees domestically and internationally. Prior, he was president and CEO of CIBC Securities Inc., chairman of CIBC Trust Corp., and chairman of CIBC Private Investment Counsel Inc.
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Displaying 1 of 1 review
October 6, 2014
This is a solid book with solid investment advice for the typical individual. My only beef with this book is that only one tip is Canadian specific (or at least local specific). Other than that, the whole book is just good solid advice. I would gladly recommend this book for those who are too emotional with their investing as this will help become aware of one's biases.
Pros:
Well written and organized
Most of the tips are common to the beginner investor
Explanations of the biases behind each mistake
Cons:
Should remove the Canadian part of the title
Should have footnotes for the figures provided
Pros:
Well written and organized
Most of the tips are common to the beginner investor
Explanations of the biases behind each mistake
Cons:
Should remove the Canadian part of the title
Should have footnotes for the figures provided
Displaying 1 of 1 review