Getting Psyched for Wall Street

This book is a must for every serious investor. It is informative and based on research findings, but humorous and easy to read. I especially liked the chapters showing that serious individual investors can outperform professional money managers, and how to do it.

Finally! A book every individual investor can understand and use immediately. Murstein is both lucid and witty. His analyses are scholarly but clearly presented. Practical? Check his chapter on a rational approach to selecting stocks. My own investment strategies will never be the same. Professor Murstein, where were you when we needed you at the beginning of our investment rollercoaster?

I REALLY enjoyed the history of investing in the introduction.Afterward, I found certain sections to be particularly illuminating with regard to my personal efforts to increase my assets via the markets, but the numerous graphs often left me, neither a psychologist nor a financial professional, wondering.SO, I've given a copy of this book to my broker, and I hope that SHE will use it to enrich us both.

Getting Psyched For Wall Street: A Rational Approach To An Irrational Market by psychology and behavioral finance expert Bernard Murstein is a superb blend of psychology and finance. Specifically written to help ordinary investors of all background better understand the interaction between human psychology and the ups and downs of Wall Street, Getting Psyched For Wall Street covers everything from why so many people were blind to Enron's problems to why stocks sometimes go up on bad news and down on good news. Getting Psyched For Wall Street is a unique, inherently fascinating, "reader friendly", practical work that should be read by any investor seeking to understand how market forces function and are influenced.

This book was the perfect book for me. I am the kind of person who feels intimidated by investing, and doesn't have a real gut feel for how to go about building my nest egg. Having read 'Getting Psyched for Wall Street', I understand the system much better, and feel much more comfortable in making financial decisions about investing. Bernard Murstein uses his psychology background to explain the process of investing, and approaches to the risks associated with investing, in a manner that is very intuitive and easy to understand. He also gave me tools to understand the benefits and drawbacks with investing myself, compared to using a financial advisor. Reading the book, makes me feel like I am in class with Dr. Murstein, and being coached personally by Dr. Murstein. He really is a clear writer who brings a sense of wit and charm to his teaching that makes for a thoroughly enjoyable read!