BEHAVIOURAL INVESTING: A PRACTITIONER'S GUIDE TO APPLYING BEHAVIOURAL FINANCE - JAMES MONTIER

摘要

Behavioural Investing is a typical James Montier book: entertaining and easy-to-read, while managing to raise dozens of thought-provoking concepts. Montier is a renowned disparager of the efficient market hypothesis and, to him, behavioural finance is a rational alternative. Comprised of chapters which in turn are broken down into a collection of essays, Behavioural Investing combines insights fromrnpsychology and investing in an attempt to rationalise investing behaviour. In other words, Montier attempts to prove that all investors are prone to biases that affect the decision-making process. Montier asks questions throughout rather than sticking with common assumptions, and uses amusing anecdotes to present his opinion as to why certain phenomena happen.