The Little Book of Behavioral Investing explores the most common behavioral challenges and mental pitfalls that investors encounter and provides strategies to eliminate these traits. Page by page, behavioral finance genius James Montier explains the importance of learning to prepare, plan, and then commit to a strategy to be able to engage to the analysis and action steps. He also emphasizes the folly of trying to predict the next move of the markets and asserts how the idea of investing without pretending you know the future gives you an entirely different perspective. Ultimately, Montier emphasizes why the need to focus on process rather than outcomes is critical in investing. Stressing upon process frees us up from worrying about investment aspects that goes beyond our control—such as returns. By focusing upon process, we optimize our potential to generate good long-term profits. This book offers a sweep of proven ways to easily recognize and avoid the risks of investor bias. By heeding these simple strategies, you will learn to conquer your own worst enemy when it comes to investments—yourself.
— Jeff Hochman, Director of Technical Strategy, Fidelity Investment Services Limited