Thank you, James! I have some recommendations on the psych behind investment/trading. Fooled by Randomness by Nassim Taleb is a great one! Are you looking for any particular topic? Maybe I can give you more accurate recos based on that.
That's a great discipline, I love the psychology behind things, and investing is deeply rooted in it. An investor who truly understands their own mental framework and how it influences their decisions is far better equipped than someone who focuses solely on the investment itself.
Thank you, Kris!
You're welcome. Thanks for sharing such an excellent article!
Great article! Do you have any recommended books?
I will let Sara answer this one since she wrote the article.
@Sara can answer this…
Thank you, James! I have some recommendations on the psych behind investment/trading. Fooled by Randomness by Nassim Taleb is a great one! Are you looking for any particular topic? Maybe I can give you more accurate recos based on that.
I completely agree with you: "Separate emotions from investment decisions."
Behavioral finance (where finance meets psychology) is still one of my favorite topics.
When I read it for the first time—a long time ago—I could find the source of so many of my early investment mistakes.
My standing advice for anyone wanting to go into investments, in addition to learning the investment basics, is to study behavioral finance.
Learning through reading is A LOT cheaper than learning through bad investment choices.
That's a great discipline, I love the psychology behind things, and investing is deeply rooted in it. An investor who truly understands their own mental framework and how it influences their decisions is far better equipped than someone who focuses solely on the investment itself.