{"product_id":"unbiased-investor-9781394150083","title":"Unbiased Investor","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003eMake better financial choices, reduce money anxiety, and grow your wealth\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eIn \u003ci\u003eUnbiased Investor: Reduce Financial Stress and Keep More of Your Money\u003c\/i\u003e, Portfolio Manager at CIBC World Markets, Coreen Sol, delivers an inspiring and illuminating roadmap to investing success. In the book, you'll explore the behavioral and psychological roadblocks to achieving optimal results from your portfolio and the strategies you can use to overcome them. You'll learn to focus on basic economic principlesrather than harmful psychological biasesto reduce financial stress and reliably grow wealth. \u003c\/p\u003e\u003cp\u003eThe book also shows you how to: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eRecognize the decision-making shortcuts (heuristics) we use to navigate and understand the world around us\u003c\/li\u003e \u003cli\u003eAvoid counter-productive and ineffective risk-management strategies that decrease returns \u003ci\u003ewithout\u003c\/i\u003e mitigating risk\u003c\/li\u003e \u003cli\u003eConsider your own financial goals, personal preferences, and skills in the creation of a strategy to make \u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eIntroduction: The Path of Least Resistance 1\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Making Sense of What You See 9\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAnchoring: An Invisible Hand 9\u003c\/p\u003e \u003cp\u003eRepresentativeness: If It Walks Like a Duck 15\u003c\/p\u003e \u003cp\u003eMoney Illusion: The Rule of 72 and the Risk of Inflation 20\u003c\/p\u003e \u003cp\u003eRecency Effect: A Clear and Present Danger 23\u003c\/p\u003e \u003cp\u003eReversion to the Mean: That Makes Sense but Doesn’t Answer Anything 27\u003c\/p\u003e \u003cp\u003eAvailability Bias and Distortion: Overestimating What You Can Easily Recall 29\u003c\/p\u003e \u003cp\u003eFamiliarity Bias: Recognizing a Stranger 31\u003c\/p\u003e \u003cp\u003eProportional Money Effect: Why We Save Pennies Only to Neglect Dollars 35\u003c\/p\u003e \u003cp\u003eMental Accounting: Pigeonholing Money 37\u003c\/p\u003e \u003cp\u003eEndowment Effect: Loyalty Reward Points are Not Free Money 40\u003c\/p\u003e \u003cp\u003eStatus Quo Bias: The Influence of Inertia 45\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Controlling Risk 49\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eConservativism: Close but No Cigar 49\u003c\/p\u003e \u003cp\u003eGambler’s Fallacy: Heads or Tails? 51\u003c\/p\u003e \u003cp\u003ePossibility and Certainty Effect: A Bird in the Hand Is Worth Two in the Bush 52\u003c\/p\u003e \u003cp\u003eHouse Money and Break-Even Effect: What Just Happened? 56\u003c\/p\u003e \u003cp\u003eDisposition Effect: The Worst Time to Lock in a Profit 59\u003c\/p\u003e \u003cp\u003eLoss Aversion and False Risk Control: Ante Up! 61\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Wanting To Be Right 65\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOverconfidence: We All Can’t Be Above Average 65\u003c\/p\u003e \u003cp\u003eHindsight Bias Is Convincing: I Knew It! 69\u003c\/p\u003e \u003cp\u003eCognitive Dissonance: The Grapes Were Sour Anyway 71\u003c\/p\u003e \u003cp\u003eConfirmation Bias: Buying and Selling a Boat 73\u003c\/p\u003e \u003cp\u003eAvailability Bias, Recency Effect, and Real Estate: House Prices Always Rise, Right? 76\u003c\/p\u003e \u003cp\u003eSunk Cost: Why Camping Seems Affordable 81\u003c\/p\u003e \u003cp\u003eBarnum and Forer Effect: A Fool Is Born Every Minute 86\u003c\/p\u003e \u003cp\u003eLoss Aversion Undermines Your Beliefs: Trading Money for Sleep 89\u003c\/p\u003e \u003cp\u003eHerd Mentality: Consensus Hurts Performance 91\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Developing Your Personal Economic Values 99\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhy Commit to the Eight Steps? 99\u003c\/p\u003e \u003cp\u003ePersonal Economic Values Workbook 103\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Adopting Unbiased Habits 113\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Point of Impact 113\u003c\/p\u003e \u003cp\u003eDon’t Take It Personally 117\u003c\/p\u003e \u003cp\u003eQuantify Your Returns 119\u003c\/p\u003e \u003cp\u003eKeep a Journal of Investment Decisions 121\u003c\/p\u003e \u003cp\u003eThe Power of SMT 122\u003c\/p\u003e \u003cp\u003eNegotiations 124\u003c\/p\u003e \u003cp\u003eJust Pick One 125\u003c\/p\u003e \u003cp\u003eAutomate, Outsource, and Schedule 127\u003c\/p\u003e \u003cp\u003eStop Checking Your Investments 130\u003c\/p\u003e \u003cp\u003eEstablish Investment Constraints 133\u003c\/p\u003e \u003cp\u003eStick to Your Plan 134\u003c\/p\u003e \u003cp\u003eReframing Decisions 135\u003c\/p\u003e \u003cp\u003eNo Safety in Numbers 136\u003c\/p\u003e \u003cp\u003eMoney Doesn’t Care Where It Came From 137\u003c\/p\u003e \u003cp\u003eCraft Your Personal Investment Policy Statement (IPS) 138\u003c\/p\u003e \u003cp\u003eI Knew-It-All-the-Time 145\u003c\/p\u003e \u003cp\u003eCut Your Losses 147\u003c\/p\u003e \u003cp\u003eTrees Don’t Reach the Sky 148\u003c\/p\u003e \u003cp\u003eIn the Absence of Research 151\u003c\/p\u003e \u003cp\u003eBe Average 153\u003c\/p\u003e \u003cp\u003eThe Unbiased Habit Checklist 155\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 What An Investment Advisor Can and Cannot Do 161\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Bottom Line 161\u003c\/p\u003e \u003cp\u003eBull Markets and DIY 161\u003c\/p\u003e \u003cp\u003eIs Passive Investing a Silver Bullet? 166\u003c\/p\u003e \u003cp\u003eIntuition 169\u003c\/p\u003e \u003cp\u003eAvoiding Hindsight Bias with Training 172\u003c\/p\u003e \u003cp\u003eWhen to Trust Expert Investment Advice 175\u003c\/p\u003e \u003cp\u003eKnow What You Don’t Know 177\u003c\/p\u003e \u003cp\u003eBias Resistance 179\u003c\/p\u003e \u003cp\u003ePortfolio Abandonment 181\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Can Money Buy You Happiness? 185\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHappiness, Work, and Retirement 186\u003c\/p\u003e \u003cp\u003eHappiness and Spending Money 191\u003c\/p\u003e \u003cp\u003eHappiness and Gluttony 194\u003c\/p\u003e \u003cp\u003eHealth, Happiness, and Your Money 198\u003c\/p\u003e \u003cp\u003eHow Much Is Enough? 200\u003c\/p\u003e \u003cp\u003eNotes 205\u003c\/p\u003e \u003cp\u003eIndex 209\u003c\/p\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":48866615230807,"sku":"9781394150083","price":19.54,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781394150083.jpg?v=1722279473","url":"https:\/\/bookcurl.com\/products\/unbiased-investor-9781394150083","provider":"Book Curl","version":"1.0","type":"link"}