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The Seven Deadly Sins of Investing: How to Conquer Your Worst Impulses and Save Your Financial Future

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Author(s):Maury Fertig
Collection:
Publisher:AMACOM
Year:2006
Langue: English
Pages: 214 pages
Size:0.9 MB
Extension:PDF


[tab] [content title="Summary"] Are you guilty of investing sins? In his extensive career at Salomon Brothers, Maury Fertig observed many intelligent individuals making poor investment choices, often due to emotional influences on their judgment. He identified seven common human weaknesses that can lead to these detrimental behaviors: * **Envy:** Focusing on the successes of others. * **Vanity/Pride:** An unwillingness to seek or accept advice. * **Lust:** An obsession with a particular investment, ignoring warnings of its flaws. * **Avarice:** Holding onto a stock too long, which diminishes returns. * **Anger/Wrath:** Engaging in irrational actions that prioritize quick gains over steady progress. * **Gluttony:** Compulsive and excessive investing. * **Sloth:** Neglecting financial responsibilities altogether. **The Seven Deadly Sins of Investing** helps readers identify their own investing vices and offers practical strategies for correcting these tendencies. Through real stories of investors who succumbed to temptation, the book delivers sound financial advice for avoiding common pitfalls and staying focused on the path to "salvation" and wealth. [/content] [content title="Content"] [/content] [content title="Author(s)"] [/content] [/tab]


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