The Behavior Gap

The Behavior Gap

Simple Ways to Stop Doing Dumb Things With Money

Book - 2012
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Identifies behaviors at the core of lost investment returns, outlining simple sketches and straightforward advice while debunking common assumptions and explaining how to build wealth by focusing on key priorities.
Publisher: New York : Portfolio/Penguin, 2012.
ISBN: 9781591844648
1591844649
Branch Call Number: 332.024 RIC
Characteristics: xiv, 178 pages : illustrations ; 22 cm

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t
Thai5357
Apr 17, 2014

This book provides a framework to start making better decisions about money. As someone who never took a finance/business class, this was new material for me. This is concise and easy to read, with good tips I can use in the future.

MaxineML Dec 06, 2013

A fabulous book on finance, finance mistakes and the reasons, meanings and psychology behind those mistakes.

Richards has used many of his signature Sharpie drawings to make his points, and excellent points they are.

This is not an investment book, but rather a behavioural economics book, written by someone who is not a behavioural economist. If you want a simple book on investing try The Investor's Manifesto: Preparing for Prosperity, Armageddon, and Everything in Between, or The Elements of Investing. This is a great little (almost, but not quite) pop psychology book on the mistakes people often make with their money, financial plans and investments.

Always make sure your financial plan is fluid and flexible enough to weather life and all the curveballs life can throw at you. Or as Richards says, financial planning is a great thing, but a financial plan never works.

This will be a re-read book for me, there were so many great ideas in it. I'll be lending this one out too! Highly recommended!

j
jmarynowski
Sep 21, 2013

Very simple and actionable advice - good for people just getting involved in investing.

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paul1
Jul 26, 2016

"The financial press, personal finance bloggers. and bestselling authors are all sources of information. They may have a good ideas, which you may find useful. But they can't tell you how the information and the ideas apply to your situation. They don't know you. More to the point, they aren't you."

t
Thai5357
Apr 17, 2014

“Those that can postpone the fulfillment of their desires, instead of giving in immediately, experienced greater success than those who haven't"

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