Audiobook7 hours
Market Mind Games: A Radical Psychology of Investing, Trading and Risk
Written by Denise Shull
Narrated by Donna Postel
Rating: 4.5 out of 5 stars
4.5/5
()
About this audiobook
Seize the advantage in every risk decision with the most misunderstood asset you have-human emotion
What if the mystery of market crashes stems from a simple but total misunderstanding of our own minds? Could everything we think we know about ourselves-intelligence and rationality versus emotion and irrationality-be wildly off the mark? Simply put: yes.
With these words, Denise Shull introduces her radical-and supremely rational-approach to risk. Her vision stems from the indisputable fact that human beings can't make any decision at all without emotion and that emotion gets the first-and last-word when it comes to our perceptions and judgments.
Shull should know. She started out managing major accounts for IBM and then chose to research unconscious emotional patterns instead of getting her MBA. Next she became a trader and trading desk manager while continuing to study biopsychology.
We are all taught that sidelining our emotions is the best way to make good decisions-Shull declares the converse: emotions inform us. Attempting to control them actually increases the risks we take. Shull advocates treating feelings as data, and she convincingly argues that doing so eradicates the baffling question that repeats itself in our heads after making a poor investing decision: “What was I thinking?”
Through a series of “lectures,” Shull logically but engagingly connects emotions, beliefs, and context to our innate reaction to uncertainty and risk (yes, the two are different). In Market Mind Games, she merges more than 20 years of studying risk decisions into a single, astoundingly effective strategy.
A reasonable approach to emotion is the best and only way to win the investing game. The methods Shull details in Market Mind Games shake the foundation of conventional market and decision psychology. And, most important, they work.
What if the mystery of market crashes stems from a simple but total misunderstanding of our own minds? Could everything we think we know about ourselves-intelligence and rationality versus emotion and irrationality-be wildly off the mark? Simply put: yes.
With these words, Denise Shull introduces her radical-and supremely rational-approach to risk. Her vision stems from the indisputable fact that human beings can't make any decision at all without emotion and that emotion gets the first-and last-word when it comes to our perceptions and judgments.
Shull should know. She started out managing major accounts for IBM and then chose to research unconscious emotional patterns instead of getting her MBA. Next she became a trader and trading desk manager while continuing to study biopsychology.
We are all taught that sidelining our emotions is the best way to make good decisions-Shull declares the converse: emotions inform us. Attempting to control them actually increases the risks we take. Shull advocates treating feelings as data, and she convincingly argues that doing so eradicates the baffling question that repeats itself in our heads after making a poor investing decision: “What was I thinking?”
Through a series of “lectures,” Shull logically but engagingly connects emotions, beliefs, and context to our innate reaction to uncertainty and risk (yes, the two are different). In Market Mind Games, she merges more than 20 years of studying risk decisions into a single, astoundingly effective strategy.
A reasonable approach to emotion is the best and only way to win the investing game. The methods Shull details in Market Mind Games shake the foundation of conventional market and decision psychology. And, most important, they work.
Related to Market Mind Games
Related audiobooks
MarketPsych: How to Manage Fear and Build Your Investor Identity Rating: 5 out of 5 stars5/5How to Trade in Stocks Rating: 4 out of 5 stars4/5Debunkery Rating: 5 out of 5 stars5/5Chancing It: The Laws of Chance and What They Mean for You Rating: 4 out of 5 stars4/5The Little Book of Market Myths: How to Profit by Avoiding the Investing Mistakes Everyone Else Makes Rating: 4 out of 5 stars4/5Markets Never Forget (But People Do): How Your Memory is Costing You Money and Why This Time Isn't Different Rating: 4 out of 5 stars4/5The Rule: How I Beat the Odds in the Markets and in Life—and How You Can Too Rating: 5 out of 5 stars5/5Safe Strategies for Financial Freedom Rating: 4 out of 5 stars4/5Reminiscences of a Stock Operator: With New Commentary and Insights on the Life and Times of Jesse Livermore Rating: 4 out of 5 stars4/5The Master Swing Trader: Tools and Techniques to Profit from Outstanding Short-Term Trading Opportunities Rating: 3 out of 5 stars3/5The Daily Trading Coach: 101 Lessons for Becoming Your Own Trading Psychologist Rating: 5 out of 5 stars5/5The Risk of Trading: Mastering the Most Important Element in Financial Speculation Rating: 5 out of 5 stars5/5The Prop Trader's Chronicles: Short-Term Proprietary Trading Strategies for Both Bull and Bear Markets Rating: 4 out of 5 stars4/5One Good Trade: Inside the Highly Competitive World of Proprietary Trading Rating: 5 out of 5 stars5/5Hedge Fund Market Wizards: How Winning Traders Win Rating: 5 out of 5 stars5/5Millionaire Traders: How Everyday People Are Beating Wall Street at Its Own Game Rating: 5 out of 5 stars5/5AbleTrend: Identifying and Analyzing Market Trends for Trading Success Rating: 3 out of 5 stars3/5The Laws of Trading: A Trader's Guide to Better Decision-Making for Everyone Rating: 4 out of 5 stars4/5Trading Beyond the Matrix: The Red Pill for Traders and Investors Rating: 4 out of 5 stars4/5The Unlucky Investor's Guide to Options Trading Rating: 5 out of 5 stars5/5The Little Book of Market Wizards: Lessons from the Greatest Traders Rating: 5 out of 5 stars5/5The Little Book of Trading: Trend Following Strategy for Big Winnings Rating: 4 out of 5 stars4/5Jesse Livermore's Methods of Trading in Stocks Rating: 4 out of 5 stars4/5How To Make Money In Stocks, Third Edition: A Winning System in Good Times or Bad, 3rd Edition Rating: 4 out of 5 stars4/5How I Made $2,000,000 in the Stock Market Rating: 5 out of 5 stars5/5The Successful Investor: What 80 Million People Need to Know to Invest Profitably and Avoid Big Losses Rating: 4 out of 5 stars4/5The All Weather Trader Rating: 4 out of 5 stars4/5High Probability Trading: Take the Steps to Become a Successful Trader Rating: 4 out of 5 stars4/5
Business For You
Silva Mind Control Method Of Mental Dynamics Rating: 5 out of 5 stars5/5Your Next Five Moves: Master the Art of Business Strategy Rating: 5 out of 5 stars5/5How to Manage Your Money When You Don't Have Any Rating: 4 out of 5 stars4/5How To Win Friends And Influence People Rating: 4 out of 5 stars4/5Becoming Bulletproof: Protect Yourself, Read People, Influence Situations, and Live Fearlessly Rating: 5 out of 5 stars5/5The TenX Rule: The Only Difference Between Success and Failure Rating: 5 out of 5 stars5/5The Charisma Myth: How Anyone Can Master the Art and Science of Personal Magnetism (Intl Ed) Rating: 5 out of 5 stars5/5The Energy Bus: 10 Rules to Fuel Your Life, Work, and Team with Positive Energy Rating: 5 out of 5 stars5/5Rich Dad Poor Dad: What The Rich Teach Their Kids About Money - That the Poor and Middle Class Do Not! Rating: 5 out of 5 stars5/5Extreme Ownership: How U.S. Navy SEALs Lead and Win Rating: 5 out of 5 stars5/5Think Faster, Talk Smarter: How to Speak Successfully When You're Put on the Spot Rating: 4 out of 5 stars4/5The Millionaire Next Door: The Surprising Secrets Of Americas Wealthy Rating: 5 out of 5 stars5/5Getting to Yes: How to Negotiate Agreement Without Giving In Rating: 4 out of 5 stars4/5The Sociopath Next Door: The Ruthless Versus the Rest of Us Rating: 4 out of 5 stars4/5Algorithms to Live By: The Computer Science of Human Decisions Rating: 4 out of 5 stars4/5The Art of Happiness: A Handbook for Living Rating: 4 out of 5 stars4/5The Hard Thing About Hard Things: Building a Business When There Are No Easy Answers Rating: 5 out of 5 stars5/5Company Rules: Or Everything I Know About Business I Learned from the CIA Rating: 4 out of 5 stars4/5Seeing What Others Don't: The Remarkable Ways We Gain Insights Rating: 4 out of 5 stars4/5Essentialism by Greg McKeown - Book Summary: The Disciplined Pursuit of Less Rating: 5 out of 5 stars5/5You Will Own Nothing: Your War with a New Financial World Order and How to Fight Back Rating: 4 out of 5 stars4/5How To Lie With Statistics Rating: 4 out of 5 stars4/5The End of the World is Just the Beginning: Mapping the Collapse of Globalization Rating: 5 out of 5 stars5/5Anthem Rating: 4 out of 5 stars4/5The Catalyst: How to Change Anyone's Mind Rating: 5 out of 5 stars5/5Win Every Argument: The Art of Debating, Persuading, and Public Speaking Rating: 5 out of 5 stars5/5The Critical Moments: Navigating Power Plays, Outbursts, Ultimatums, and More Rating: 4 out of 5 stars4/5The New One Minute Manager Rating: 5 out of 5 stars5/5
Reviews for Market Mind Games
Rating: 4.352941176470588 out of 5 stars
4.5/5
17 ratings1 review
- Rating: 5 out of 5 stars5/5This book is full of germs. Im am glad i found a book that diagnosed my condition and gave me the presciption