Colin Nicholson – Think Like the Great Investors: Make Better Decisions and Raise Your Investing to a New Level

By defeatingyourself, you can achieve a new level of investing and trading success. Market analysis, money management and decision-making are vital skills for successful trading. The first two skills are easy to learn, but the third is more difficult. Your ability to make the right decisions isn’t based on hard facts, but psychological realities like your own temperament, your own biases, and the biases of other traders You can only master the stock market when you master yourself first, and that starts with making the right decisions. Think of the great investors. It shows you how to understand your own temperament, the psychology of the market as a whole, your own biases and decision-making errors, and how to practically apply your understanding of these factors into your decision-making system.

• Written by highly respected investment teacher, speaker, and writer Colin Nicholson
• Ideal for both inexperienced traders who want to lower their risk as well as experienced traders who lack that one final piece in the trader’s skillset

The answer is here for anyone looking for that final piece of the puzzle. With. Think of the great investors. You will make it past the final hurdle to successful investing.

FROM THE INSIDE FLAP

It will take many years for us to learn how to invest our savings.

We need knowledge first. We need to understand how the financial markets work. If we learn from the mistakes of those who have gone before us, we will have a feel for the history of markets.

We need to learn how to analyse the economy and financial markets. There are cycles in economic activity. We are likely to find our investments badly damaged and struggle for years to recover if we don’t understand this.

We should learn how to analyse companies so that we can choose good stocks to invest in. If things don’t go well for a while, we need to buy stocks that have a margin of safety. Strong disciplines around risk management are an important part of this.

The majority of investors think this is enough to be successful. Investment decisions need to be made in selecting and managing our holdings. Markets are always changing so it is never set-and-forget. If it were simple, we would all be great investors after a decade or so of active investing. There aren’t many great investors in the world. The average investor thinks the same as they do, so they make better decisions. Think of the great investors. The cognitive biases that the most successful investors avoid are explained. You can use it to manage them and make better investment decisions. One of the best investments you will ever make is this book.

FROM THE BACK COVER