Behavioral Investment Counseling

273 pages
Behavioral Investment Counseling pages

  • Title: Behavioral Investment Counseling
  • Author: Nick Murray
  • ISBN: 9780615252094
  • Page: 452
  • Format: None
  • 1 thought on “Behavioral Investment Counseling”

    1. Hands down the best book on being a financial advisor I've ever read. When the student is ready, the teacher appears I suppose. Not a book for everyone, but if you manage money for other people - this is a must read.

    2. Excellent book written for those managing other's money. While I don't think I'll go the finance route, it was a great reminder to me to be less active with my investments and to stay the course even when the rest of the market is panicking.

    3. Great little book for helping you to keep the main thing the main thing. Don't get derailed by all the latest gimmicks for investing. Don't let asset management eat up your time or your sanity.

    4. It's interesting to note that the average equity fund for the 20 years ending in 2007 returned 10.81% while the average equity fund investor over the same period of time returned a mere 4.48%. How can that be? How about by buying when things were hot and selling when things have crashed. Nick Murray states his rock solid case for becoming a behavior coach rather than a portfolio manager. Even if you're not a financial advisor, this is a great book to help you understand the biggest mistakes inve [...]

    5. This book is a must read for all financial professionals! Financial ignorance abounds in our society today, and most of that is promulgated by advisors and pundits and other talking heads who pedal what is little more than financial pornography - exciting stuff to think about, but destructive if actively pursued. Nick Murray is the breath of fresh air to remind advisors that the value they truly bring to their client is in managing their clients behaviors, and helping them from making dumb decis [...]

    6. Some very good reinforcement especially in a down market that advisors may want to revisit at these times. A valuable book to have in any financial advisors collection.

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