Investment psychology explained - Martin J Pring

Expert advice in a back-to-basics handbook on how to beat themarket-the classic way

In Investment Psychology Explained Martin J. Pring, one of the mostrespected independent investment advisors in the world, argues thatin the revisionist '90s there are no quick, magical paths to marketsuccess. Rather, he emphasizes the timeless values of hard work,patience, and self-discipline-and much more. Drawing on the wisdomof creative investors such as Jesse Livermore, Humphrey Neill, andBarnard Baruch, as well as his own experience, Pring shows howto:
* Overcome emotional and psychological impediments that distortdecision making
* Map out an independent investment plan-and stick to it
* Know when to buck herd opinion-and "go contrarian"
* Dispense with the myths and delusions that drag down otherinvestors
* Resist the fads and so-called experts whose siren call to successcan lead to disaster
* Exploit fast-breaking news events that rock the market
* Deal skillfully with brokers and money managers
* Learn and understand the rules that separate the truly greatinvestors and traders from the rest

Reading Investment Psychology Explained will give you a renewedappreciation of the classic trading principles that, through bulland bear markets, have worked time and again. You'll see, with thehelp of numerous illustrative examples, what goes into making aneffective investor-and how you can work toward achieving thatsuccessful profile.