The Anxious Investor

Last week, I reviewed a new book on investing for the Wall Street Journal. I've included the first two paragraphs and a link to the full review below.  

Trading with a Cool Head

Learning to overcome our behavioral biases—and avoid following the herd—when making investment decisions.

The public is awash with books that treat finance as a science—from how-to manuals that offer a system for judging companies to dense treatises that identify statistical patterns or market inefficiencies. Lost in this sea of text is the fact that markets, ultimately, are made by people. In “The Anxious Investor,” options expert Scott Nations argues that the key to investing well, to borrow a hockey maxim, is to play the man, not the puck.

“Passions and emotions remain the most important aspect of investing,” Mr. Nations writes. “Learning about, understanding, and accounting for your own behavioral quirks can do more to improve your long-term investing results than even a roaring bull market can.”