Investment Psychology Explained Publish Date: 1992

Using his no-nonsense, hands-on approach, Martin teaches you to overcome your emotional and psychological barriers which keep you from sound, common-sense decision-making. Drawing from the wisdom of many creative investors including Jesse Livermore, Humphrey Neill, and Bernard Baruch, as well as from his own experience, Martin distills their thoughts into one convenient, back-to-basics handbook. Not only will you shake off the delusions and myths that ensnare too many investors, but you will also learn to deal more effectively with brokers and money managers.

Fueled by euphoria, greed, and even fear, the giddy economic ride of the 1980s was ultimately, for many, an unfortunate one. The fundamentals of sound portfolio management got lost along the way, and as an inevitable consequence, many investors simply crashed and burned.

The revisionist ’90s demand a no-nonsense approach which puts a premium on classic investment philosophy, psychology, and strategy. And nowhere will you find this bracing attitude more clearly and practically embodied than in Martin Pring's clarion call for investors: Investment Psychology Explained.

With Investment Psychology Explained at your side, you'll learn how to stay one step ahead through the application of the age-old verities - hard work, common sense, patience, and discipline. With the help of numerous examples, past and present, you'll discover how to:

• Create and stick to an independent investment plan - and avoid being carried away by fads or quick-fix “experts”

• Buck the conventional wisdom at the right times - and know how and when to “go contrarian”

• Shake off the delusions and myths that ensnare too many investors - and develop profitable habits and attitudes instead

• Allow objective analysis rather than emotions to guide your decision making

• Stay the course with investment strategies and not shed them prematurely if there is no short-term payoff

• Profit from the markets' unexpected reactions to fast-breaking economic and political news

• Deal more effectively with brokers and money managers

• Understand and use the classic trading rules that have proven their mettle through the ages.

A book whose measured wisdom is a true tonic for the times, Investment Psychology Explained puts you on solid investment ground, demonstrating with each successive chapter how financial well-being is earned through incremental steps and based solidly on a firm psychological base. As such, Investment Psychology Explained is the one constant you'll want to rely on again and again.