The full title is, "The Laws of Wealth: Psychology and the secret to investing success." Dr. Crosby is a behavioral psychologist, and this is his take on how investors can avoid being their own worst enemy. The material is not new nor groundbreaking. Rather, this is a compendium of materials on the topic. For example, advice to not try to forecast the markets, and to avoid getting emotionally excited about market events.
This is an interesting book for folks who have a particular interest in the topic. But for the typical individual investor, I'd recommend Peter Mallouk's, "
The 5 Mistakes Every Investor Makes and How to Avoid Them," and then Wes Gray and Jack Vogel's, "
DIY Financial Advisor," instead.
No comments:
Post a Comment