Behavioral Finance and Wealth Management: How to Build Investment Strategies That Account for Investor Biases 2nd Edition

I bought this book as part of my study toward a professional investment designation. Great book.

Interesting and useful

Best of luck in your endeavors

very good for me, I used it to advance my own understanding of behavioral aspects involved in my own investing.

I struggled with this read. The book mostly does an okay job in describing experiments of others involving hard-wired inclinations that unconsciously affect the way humans look at the world, including the world of investments. However, too often there are some points showing bad logic and others that are poorly described.For instance, the author mentions tests to show risk tolerance in individuals that had questions like: give a range for how far you think the moon is from the earth so that you feel your answer has a 95% chance of being correct. Whether a wide range or narrow one is is supposed to suggest something. But, some folks like myself know how far the moon is from earth (it's a range itself) so the answer would not measure anything in my case. Same question for the weight of a sperm whale, etc. There were a number of troubling things where the reader was left thinking "really?" but the work did not anticipate these reactions or see the problems and so did not address them.The chapter on confirmation bias describes an experiment with 4 cards which I read 4 or 5 times but did not understand it. for a bit I tried to figure out what information had been left out, but gave up. Was this book proof read for content?Lots of good information but not consistently described, synthesized or illustrated very well.