Intelligent Investing in Irrational Markets

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  • Format: Hardcover
  • Copyright: 2013-05-23
  • Publisher: Palgrave Pivot
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The vast majority of published literature dealing with the 2008 financial crisis is written by three kinds of specialists: investment gurus with an exceptional investment track record, financial practitioners, and academicians. Books written by investment gurus provide investors with practical tips of managing money, but they lack key theoretical foundations and over generalize performance. Financial practitioners tend to oversimplify investing, presenting investors with advice that contradicts economic theory and financial history. And academics address these deficiencies but are too abstract; ignore the history of markets; and fail to connect effectively with the average investor.

Intelligent Investing in Irrational Markets bridges these gaps by offering readers a unique framework through which investing is both a game of economics and psychology. Mourdoukoutas illustrates how solid investing tactics involve the basic principles of economics, which helps investors identify financial goals and constraints, as well as create optimal strategies for asset and portfolio allocation.

Author Biography

Panos Mourdoukoutas is Professor and Chair of the Department of Economics at Long Island University in Brookville, NY. He is a Forbes Columnist and author of several articles published in professional journals and magazines, including European Management Review, Management International Review, Barron's, The New York Times, Japan Times, Newsday, Plain Dealer, and Edge Singapore. He has also published several books, including The Economic Foundations of Intelligent Investing and Business Strategy in a Semiglobal Economy.

Table of Contents

Forward: A Personal Story
Preface: Why Another Investment Book
Introduction: Intelligence and Emotion in Investing
Rule 1: Don't Pay Others to Lose your Money
Rule 2: Have a Financial Plan
Rule 3: Know which Assets to Buy and Sell
Rule 4: Know which Stocks to Buy and Sell
Rule 5: Stay Focused
Rule 6: Turn off the Emotional Buttons

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