Investment Psychology Explained: Classic Strategies to Beat the Markets: Classic Strategies to Beat the Markets - Softcover

Pring, Martin J.

Softcover

ISBN 10: 0471133000 ISBN 13: 9780471133001

Publisher: Wiley, 1995

Synopsis

Investment Psychology Explained Expert advice in a back-to-basics handbook on how to beat the market-the classic way In Investment Psychology Explained Martin J. Pring, one of the most respected independent investment advisors in the world, argues that in the revisionist '90s there are no quick, magical paths to market success.

About this title

From the Author:

Market wisdom of the ages gathered together in one book.
Investment Psychology Explained

Over the last one hundred years or so, countless books have been written on the psychological aspects of trading and investing. My purpose in writing Investment Psychology Explained was not to break new ground, but to bring together, in one volume, a distillation of the soundest wisdom and basic common sense on the subject of market psychology. I've tried to resist the temptation of padding the material, leaving the reader just with the meat of the market wisdom over the ages in a complete, easy-to-read, and clearly organized format. The contents are as follows:

Part I Knowing Yourself 1. There is no Holy Grail 2. How to be Objective 3. Independent Thinking 4. Pride Goes before a Loss 5. Patience is a Profitable Virtue 6. Staying the Course

Part II: The Wall Street Herd 1. A New Look at Contrary Opinion 2. When to Go Contrary 3. How to Profit from Newsbreaks 4. Dealing with Brokers and Money Managers the Smart Way

Part III: Staying One Step Ahead 1. What Makes a Great Trader of Investor 2. Nineteen Trading Rules for greater profits 3. Making a Plan and Sticking to It 4. Classic trading Rules

From the Back Cover:

Expert advice in a back-to-basics handbook on how to beat the market-the classic way

In Investment Psychology Explained Martin J. Pring, one of the most respected independent investment advisors in the world, argues that in the revisionist '90s there are no quick, magical paths to market success. Rather, he emphasizes the timeless values of hard work, patience, and self-discipline-and much more. Drawing on the wisdom of creative investors such as Jesse Livermore, Humphrey Neill, and Barnard Baruch, as well as his own experience, Pring shows how to:
* Overcome emotional and psychological impediments that distort decision making
* Map out an independent investment plan-and stick to it
* Know when to buck herd opinion-and "go contrarian"
* Dispense with the myths and delusions that drag down other investors
* Resist the fads and so-called experts whose siren call to success can lead to disaster
* Exploit fast-breaking news events that rock the market
* Deal skillfully with brokers and money managers
* Learn and understand the rules that separate the truly great investors and traders from the rest

Reading Investment Psychology Explained will give you a renewed appreciation of the classic trading principles that, through bull and bear markets, have worked time and again. You'll see, with the help of numerous illustrative examples, what goes into making an effective investor-and how you can work toward achieving that successful profile.

About this edition

• Publisher: Wiley
• Publication date: 1995
• ISBN 10: 0471133000
• ISBN 13: 9780471133001
• Binding: Paperback
• Edition number: 1
• Number of pages: 288