● Behavioral Finance and Investor Types: Managing Behavior to Make Better Investment Decisions
By Michael Pompian
Excerpt via publisher, Wiley
Why are somany people across the United States and other developed (and currently developing countries) in a position to accumulate wealth but have such a difficult time doing so? More often than not, the reason for this failure is that one’s own financial choices and behaviors sabotage otherwise well-intentioned efforts to achieve stated financial goals—assuming one’s goals are stated. For the purposes of this book, we will leave aside any discussion of the current outlook for the global economy, take no notice of the wealth distribution or wage levels, and stick primarily to the subject of personal financial management.
