The Laws of Wealth Psychology & the Secret to Investing Success
From New York Times and USA Today bestselling author, Dr. Daniel Crosby-the behavioral finance book all investors have been waiting for.In The Laws of Wealth, psychologist and behavioral finance expert Daniel Crosby presents three sets of real, actionable rules that investors can use to apply the lessons of behavioral finance.He begins with ten rules that are the hallmarks of good investor behavior, including 'Forecasting is for Weathermen', 'If You're Excited, It's Probably a Bad Idea', and 'Trouble is Opportunity'.From here, attention turns to the Four Cs of Rule-Based Investing: Consistency, Clarity, Courageousness, Conviction. The Four Cs provide practical methods to combat behavioral risk in investing. And finally, he introduces the Five Ps of successful equity investing: Price, Properties, Pitfalls, People, Push. Investors can draw on these five methods to select stocks and take advantage of behavioral opportunities in the stock market.Throughout, anecdotes, research, and graphic…
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