Investment Traps Exposed: Navigating Investor Mistakes and Behavioral Biases

H. Kent Baker
American University, USA

Vesa Puttonen
Aalto University, Finland


List price $39.99 Add to basket
Product Details
Format:
Hardback
ISBN:
9781787142534
Published:
20 Mar 2017
Publisher:
Emerald Publishing Limited
Dimensions:
448 pages - 152 x 229mm
Winner of the Book Excellence Awards 2017, Personal Finance category

Given the complex and challenging world of investing, what chance do individuals have navigating the financial minefield and emerging unscathed? Not much, unless they become knowledgeable about investment fundamentals, recognize and correct their mistakes and behavioral biases, and avoid traps strewn along their path. Investment Traps Exposed guides investors past such potential pitfalls as pyramid and Ponzi schemes to help them become more financially successful.

Investment Traps Exposed helps investors and advisors increase their awareness about the external and internal traps that they or their clients can encounter. Baker and Puttonen not only examine common mistakes, assumptions and deceptions that can ensnare investors, affect sound judgment, and reduce wealth but also delve into how to recognize and avoid these errors. The authors present practical advice and real-world examples in a user-friendly manner, and also nudge investors to stay on the right course to mitigate misbehaving.
1. Navigating the Investment Minefield 2. Common Investing Mistakes: Round One 3. Common Investing Mistakes: Round Two 4. How Behavioral Biases Can Hurt Your Investing 5. Trap 1: Becoming a Victim of Pyramid and Ponzi Schemes 6. Trap 2: Being Deceived by Other Investment Frauds 7. Trap 3: Misrepresenting Risky Products as Safe 8. Trap 4: Making Unrealistic Return Expectations 9. Trap 5: Falling for Mutual Fund Traps 10. Trap 6: Overpaying for Products and Services 11. Trap 7: Investing in Complex Products 12. Traps 8 and 9: Engaging in Gambling Disguised as Investing and Relying on Unsupported Promises Index
H. Kent Baker, CFA, CMA, is University Professor of Finance in the Kogod School of Business at the American University. He has authored or edited 28 books and more than 250 other publications in such outlets as the Journal of Finance, Journal of Financial and Quantitative Analysis, Financial Management, Financial Analysts Journal, and Journal of Portfolio Management. Several sources rank him among the top 1 percent of the most prolific academic authors in finance during the past 50 years. Professor Baker has consulting and training experience with more than 100 organizations. He has eight earned degrees including three doctorates. Vesa Puttonen is Professor of Finance at Aalto University School of Business. His research has been published in Management Science, Financial Analysts Journal, Financial Management, European Financial Management, Journal of Banking and Finance, and Journal of Asset Management among others. He has worked as Senior Vice President at the Helsinki Stock Exchange and as Managing Director at Conventum Asset Management (Helsinki). Professor Puttonen is a faculty member of MBA Programs in Helsinki, Hong Kong, Singapore, Poland, China, Iran, Taiwan, and South Korea.|

H. Kent Baker, CFA, CMA, is University Professor of Finance in the Kogod School of Business at the American University. He has authored or edited 28 books and more than 250 other publications in such outlets as the Journal of Finance, Journal of Financial and Quantitative Analysis, Financial Management, Financial Analysts Journal, and Journal of Portfolio Management. Several sources rank him among the top 1 percent of the most prolific academic authors in finance during the past 50 years. Professor Baker has consulting and training experience with more than 100 organizations. He has eight earned degrees including three doctorates.

Vesa Puttonen is Professor of Finance at Aalto University School of Business. His research has been published in Management Science, Financial Analysts Journal, Financial Management, European Financial Management, Journal of Banking and Finance, and Journal of Asset Management among others. He has worked as Senior Vice President at the Helsinki Stock Exchange and as Managing Director at Conventum Asset Management (Helsinki). Professor Puttonen is a faculty member of MBA Programs in Helsinki, Hong Kong, Singapore, Poland, China, Iran, Taiwan and South Korea. 

"Investment Traps Exposed illustrates the pitfalls that await investors. Some of these traps are the result of unscrupulous people trying to take advantage of us. Some traps result from the social pressure of fad investments. Some traps even come from within our own psychology. Luckily, Investment Traps Exposed gives us the tools to identify and avoid these pitfalls!"

- John R. Nofsinger, Ph.D. Author, The Psychology of Investing and William H. Seward, Chair in International Finance, University of Alaska, Anchorage 

"Professors Baker and Puttonen have done a masterful job of writing a book that documents our existing knowledge about investment mistakes and traps from many different angles. Beyond common investing mistakes such as not having an investment plan, having a short investment horizon, and improper diversification, the book provides numerous behavioral and information processing biases that impact our investment decisions, including cognitive. emotional, and social biases.

To make sound investment decisions, we all need to understand how and why mistakes are made and how to avoid them. This book reveals the answers. Each chapter is a must read for all investors, financial advisors, wealth managers, and students. All should benefit from reading Investment Traps Exposed regardless of their investment knowledge. The practical advice and lessons in this book will make you a more informed investor"

- Halil Kiymaz, Ph.D., CFA, Bank of America Professor of Finance, Rollins College

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