The 7 Deadly Sins of Investing

The 7 Deadly Sins of Investing
Author: Maury Fertig
Publisher: Amacom Books
Total Pages: 236
Release: 2006
Genre: Business & Economics
ISBN: 9780814408742


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"Are you a sinner when it comes to investing? During his long and successful career at Salomon Brothers, Maury Fertig witnessed many smart people making very bad investment decisions -- all because they let their emotions influence their judgment. He realized that whether the result of ego, competitiveness, or just plain laziness, these dire behaviors were rooted in seven common and recognizable human weaknesses: * Envy: focusing on the success of others * Vanity, or Pride: an unwillingness to take advice * Lust: an infatuation with an investment, despite warnings that it is not sound * Avarice: a tendency to hold onto a stock for too long, decreasing its return * Anger, or Wrath: irrational behavior that sacrifices steady progress for a quick hit * Gluttony: compulsive and excessive investing * Sloth: ignoring finances altogether The Seven Deadly Sins of Investing helps readers recognize their investing vices, and offers practical strategies to help them correct the error of their ways. Illustrated by real stories about real investors who have given in to temptation, the book provides solid financial advice for avoiding common pitfalls and staying on the path to "salvation" -- and wealth."


The 7 Deadly Sins of Investing
Language: en
Pages: 236
Authors: Maury Fertig
Categories: Business & Economics
Type: BOOK - Published: 2006 - Publisher: Amacom Books

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"Are you a sinner when it comes to investing? During his long and successful career at Salomon Brothers, Maury Fertig witnessed many smart people making very ba
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Investing is an activity that's rife with opportunity to fall into bad habits, be led astray or make decisions for the wrong reasons. Being aware of the behavio
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Every investor makes mistakes. Private or professional, amateur or experienced, there is no exception. And many of these are common mistakes. Whether or not the
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