*** Proof of Product ***
Exploring the Essential Features of “Jim Ware – The Psychology of Money”
The Psychology of Money: An Investment Manager’s Guide to Beating the Market 1st Edition, Kindle Edition
by Jim Ware (Author)
Discover the Ideal Investment Strategy for Yourself and YourClients
“To enhance investment results and boost creativity, Jim Warereplaces the maxim know your investments with know yourself. And hegives us specific testing tools to do the job.”
–Dean LeBaron, Founder, Batterymarch FinancialManagement, Chairman, Virtualquest.company, and investment authorand commentator
“Many investment firms fail, even though they are run byintelligent, qualified professionals, because they lack creativity.This book can rescue you. Jim Ware explains how to organize yourbusiness to encourage creative thinking. In five years, yourcustomers will be working with an advisor who read this book, somake sure you are the one who did.”
Ralph Wanger, President, Acorn Investment Trust, CFA andauthor of A Zebra in Lion Country: Ralph Wanger’s Guide toInvestment Survival
“Jim Ware has a great knack for understanding people andsuccessful investing. This unusual combination of skills creates arare find: useful insights to improve investment performancethrough helping people work together better. Jim’s wit andhumor make this a fun read as well!”
–Dee Even, Senior Investment Officer, AllstateInsurance Company, Property & Casualty
“The Psychology of Money represents a major step towarddevelopment of a portfolio theory that recognizes human dynamicsand differences among people. Jim’s content is solid, and hispresentation is engaging. This book ought to be on everypractitioner’s bookshelf.”
–Kenneth O. Doyle, University of Minnesota, Author,The Social Meanings of Money and Property: In Search of aTalisman
“Finally, an insightful look at the human side of investing. Astep-by-step guide to enhancing management performance to increasereturns.”
–Abbie Smith, PhD, Professor of Accounting.Universityof Chicago Business School
Product description
From the Inside Flap
In a diverse investing climate, investors are always searching for the winning strategy. And with todays volatile markets and increasingly savvy individual investors and clients, there is exceptional pressure on professional money managers to be more creative than ever before. Unfortunately, despite the wealth of information on techniques and strategies, there has been little innovative guidance for finance professionalsuntil now.In The Psychology of Money, financial analyst Jim Ware approaches this crucial topic from a new angle, drawing on both the tools offered by Jungian psychology and his own substantial business experience to present an alternative to trendy strategizing. This eye-opening book reveals how determining ones “investment personality type” can provide a fuller understanding of how to best approach and react to the intricacies of the marketand, ultimately, profit from them.
Using the Myers-Briggs Typology, a psychological test based on Jungian theory, Ware explains the basic investment personality types and how to use them to identify optimum investing styles. He also provides an intriguing and illuminating examination of the traits of master investors. Professionals will not only learn what their own style should be but understand the value of combining intuition with logic, and of creative collaboration among various personality types to earn the highest returns for their clients.
–This text refers to an alternate kindle_edition edition.
Review
“This book should be read by everyone!” (Mimi Lord, Morningstar Senior Editor) –This text refers to an alternate kindle_edition edition.
About the Author
JIM WARE is a chartered financial analyst who has been a research analyst and portfolio manager for Allstate Insurance Company. He has also delivered speeches on the connection between creativity and business for audiences around the world, including the Association for Investment Management and Research. A dynamic speaker, he incorporates his knowledge of Jungian psychology into his substantial business background. He has a degree in philosophy and an MBA in finance from the University of Chicago. –This text refers to an alternate kindle_edition edition.
From the Back Cover
Discover the Ideal Investment Strategy for Yourself and Your Clients”
To enhance investment results and boost creativity, Jim Ware replaces the maxim know your investments with know yourself. And he gives us specific testing tools to do the job.”
Dean LeBaron, Founder, Batterymarch Financial Management, Chairman, Virtualquest.company, and investment author and commentator
“Many investment firms fail, even though they are run by intelligent, qualified professionals, because they lack creativity. This book can rescue you. Jim Ware explains how to organize your business to encourage creative thinking. In five years, your customers will be working with an advisor who read this book, so make sure you are the one who did.”
Ralph Wanger, President, Acorn Investment Trust, CFA and author of A Zebra in Lion Country: Ralph Wanger’s Guide to Investment Survival
“Jim Ware has a great knack for understanding people and successful investing. This unusual combination of skills creates a rare find: useful insights to improve investment performance through helping people work together better. Jims wit and humor make this a fun read as well!”
Dee Even, Senior Investment Officer, Allstate Insurance Company, Property & Casualty
“The Psychology of Money represents a major step toward development of a portfolio theory that recognizes human dynamics and differences among people. Jim’s content is solid, and his presentation is engaging. This book ought to be on every practitioners bookshelf.”
Kenneth O. Doyle, University of Minnesota, Author, The Social Meanings of Money and Property: In Search of a Talisman
“Finally, an insightful look at the human side of investing. A step-by-step guide to enhancing management performance to increase returns.”
Abbie Smith, PhD, Professor of Accounting.University of Chicago Business School
–This text refers to an alternate kindle_edition edition.
Product details
Publisher : Wiley; 1st edition
Language : English
File size : 1317 KB
Customer reviews
Rats
Managing money? This one will help you by …
… making you aware of your own/your clients’ biases and giving you practical tools to defuse them. Specifically, by way of example, money managers (I am one) will learn to:
– recognize their own typical behavior, or that of colleagues or clients, as belonging to one of several psychological types … – thereby stopping short of saying/doing stupid things and also circumventing problems at the workplace; – identify actions that will boost behavior that you or your firm seem to lack: creativity, focus, a will to use analytical skills, etc; – identify industry mantras (“team approach”, etc) for what they are or identify actions that transform a mantra into action
Overall, I agree with the other reviewers that this book is a surprise, a very positive one. Basically it convinced me that every money manager should have, packed with his/her baggage of technical skills and intelligence (standard and “emotional”), also some psychological training. This book goes some way towards such education.
I am uncomfortable with a couple of Ware’s ideas, particularly the “listen to intuition” advice towards the end of the book. As an “owl” I would be inclined to say this, but basically I met too many fakers who would justify rash investment moves only on intuition and long-running experience, lose money or fail to recognize the moment to take profit, and never talk about it afterwards. Intuition may come before analysis, but if it cannot be supported by reasoning I don’t see that it should be followed; as a matter of practice you won’t be able to anyway, because first you have to sell it to clients, team members, or bosses, and you won’t.
But stars measure how good is the book, not how much I agree with it, and this one is great. I’m serious, buy it. Even more so if you don’t believe in the psych stuff: do violence unto yourself, buy it now and read it, you’ll need it more than others do.
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