Cover image for Profits without panic : investment psychology for personal wealth
Title:
Profits without panic : investment psychology for personal wealth
Author:
Myers, Jonathan, 1960-
Personal Author:
Publication Information:
London ; Naperville, IL : Nicholas Brealey Pub., 1999.
Physical Description:
272 pages : illustrations ; 24 cm
Language:
English
ISBN:
9781857882179
Format :
Book

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HG4515.15 .M93 1999 Adult Non-Fiction Central Closed Stacks
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Summary

Summary

Profits Without Panic is the ground-breaking book on investment psychology that shows how understanding your reactions and human behaviour are the key to successful investment.


Reviews 1

Booklist Review

Given the recent--and almost daily--wild fluctuations in the stock market, it is clear that psychological factors and perceptions are major forces driving investors. Myers, who lives in New York, is a member of the British Psychological Society and an independent investor. He advocates a "psychonomic" approach to investing. Psychonomics looks at the relationship between an investor's individual characteristics (one's internal market) and the pressures and reinforcing effects of external financial markets. Myers recommends focusing on the intrinsic value of an investment and avoiding systematic errors that arise from following the crowd. He offers practical tools for overcoming "fear, greed, and the madness." His "PROFITS" approach to investing relies on understanding Personality, Relationships, Outlierism (contrarianism), Flexibility, Information, Traps, and Strategies. Myers also stresses the need to develop self-awareness in order to make better financial decisions. --David Rouse