Why do markets so often seem to defy logic?
Why do people hold on to their losers and dump winners?
How does your risk tolerance affect investment success?
Answers to these and other perplexing questions are found in Getting Psyched for Wall Street. This ground-breaking book explains how investors' actions and emotions affect the market. It usses the principles of psychology and the power of behavioral finance to explain the seeming contradictions of Wall Street. Now it's possible to really understand what's going on -- and profit from it. Dr. Murstein cuts through the fog that obscures the workings of the stock market. He explains why and how the market functions, in terms that can be easily understood. The book includes numerous examples and illustrations to help readers see how the concepts can be used to profit consistently. This isn't just theory: Dr. Murstein is living proof that his concepts work.
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Bernard I. Murstein, Ph.D. is an internationally known psychologist with 160 publications to his credit. A successful investor for many decades, he combines his extensive knowledge of the stock market with his years of psychological study to produce one of the most accessable and informative books on the new field of behavioral finance.Review:
a superb blend of psychology and finance...helps ordinary investors better understand the interaction between human psychology and Wall Street -- The Midwest Book Review, June 2002
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Book Description Cypress Publishing Group, 2002. Paperback. Book Condition: New. book. Bookseller Inventory # M0894473298