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Behavioral Finance and Wealth Management: How to Build Optimal Portfolios That Account for Investor Biases (Wiley Finance)
by Michael M. Pompian
from Wiley
Customer Reviews:
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Avg. Customer Rating: 5.0 / 5.0 
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Excellent ideas to try to prevent bad decisions
Especially in these crazy financial times, this is a good book to do some self-analysis through little quizzes and learn how emotions can take over from making good, rational financial decisions. While somewhat geared for financial advisors, it definitely is readable for the intelligent investor who can take the time to read and apply the lessons learned from this book.
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One of the best books about investing ever!!! (Michal Stupavsky, Czech Republic)
I am a graduate student of finance and I am now writing my degree thesis about implications of behavioral finance for individual investors. Pompian's book is a great inspiration for me. It is just a guide how to use results of behavioral finance research to be a better investor.
What I mostly appreciate is a very deep description of 20 behavioral biases. Each of these chapter starts with General Description of the bias, Technical Description. Then there is a Practical Application, Implications for... more info
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Superb
I'm hard to please. So when I say this book is superb, that's really saying something. It is a well organized reference of twenty cognitive and emotional biases, and I refer to it frequently. Yet it's engaging enough to read cover to cover. You will probably recognize yourself being described a bit more often than you might expect. But with an open mind you will learn how to mitigate the tempting errors of thought that have in the past steered you wrong. And most fun of all, you can use your new knowledge... more info
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Behavioral finance and cognitive bias 
This book covers most of the important cognitive biases that affect investment decision. It makes a great read. The only thing that can be improved is on the aspect of "objective truth". When talking about bias, the author has to assume there is an objective truth out there that is ex ante and easily oberservable to everyone. While this may make it handy for his discussion, it could be misleading if one digs deeper into the market nature of uncertainty.
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