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Chapter Overview
Chapter 1: AudiobookHub Recommendation
Chapter 2: We overrate our abilities in life, including when investing, too.
Chapter 3: Emotional states can impair our ability to make good decisions.
Chapter 4: One of the smartest investment decisions you can make is to hire an advisor.
Chapter 5: Don't panic about market panic.
Chapter 6: Learn to spot a suspect company by judging what management really does, not what it says.
Chapter 7: The highest price isn't always right; when investing, choose value over glitz and glamour.
Chapter 8: Be cautious about being lured by new and exotic investments.
Chapter 9: We need to invest our money guided by personal goals, rather than following other people’s rules.
Description
The Laws of Wealth (2016) is an insightful guide to understanding how our irrational behavior can get in the way of making good investment decisions. Using insights from the field of behavioral psychology, Daniel Crosby identifies key human weaknesses that can sabotage our investments, such as overestimating our abilities and panicking in the face of risk. He then presents practical and effective strategies that we can adopt to become better investors.
Who Should Listen
- Investors wanting to learn how to spot their behavioral blind spots
- Psychology buffs interested in how emotions influence how people spend money
- Anyone who is weighing up the benefits of hiring a financial advisor