Why Smart People Make Big Money Mistakes and How to Correct Them

Why Smart People Make Big Money Mistakes and How to Correct Them
Author: Gary Belsky
Publisher: Simon and Schuster
Total Pages: 343
Release: 2010-01-12
Genre: Business & Economics
ISBN: 1439169748

Protect and grow your finances with help from this definitive and practical guide to behavioral economics—revised and updated to reflect new economic realities. In their fascinating investigation of the ways we handle money, Gary Belsky and Thomas Gilovich reveal the psychological forces—the patterns of thinking and decision making—behind seemingly irrational behavior. They explain why so many otherwise savvy people make foolish financial choices: why investors are too quick to sell winning stocks and too slow to sell losing shares, why home sellers leave money on the table and home buyers don’t get the biggest bang for their buck, why borrowers pay too much credit card interest and savers can’t sock away as much as they’d like, and why so many of us can’t control our spending. Focusing on the decisions we make every day, Belsky and Gilovich provide invaluable guidance for avoiding the financial faux pas that can cost thousands of dollars each year. Filled with fresh insight; practical advice; and lively, illustrative anecdotes, this book gives you the tools you need to harness the powerful science of behavioral economics in any financial environment.

The Magnificent Mistake

The Magnificent Mistake
Author: Ion Valis
Publisher: Pop Philosophy Press
Total Pages: 216
Release: 2014-12
Genre:
ISBN: 9780993931505

They say the only certainties in life are death and taxes. I would add a third: mistakes. We all commit errors - often small ones, sometimes big ones, and all too frequently the same ones. What if you learned it was actually crucially important to learn from our mistakes? What if you discovered that the most successful people and organizations in the world did just that, and it is often one of the secrets to their success? What if someone gave you a simple tool - a six-step checklist captured in the acronym M.A.S.T.E.R. - which you could use to quickly draw the right lessons from both little miscues and massive failures? Finally, what if you were taught 12 key habits that your team or organization could implement to harness the power of failure? Whether you're an entrepreneur, an employee or an executive, this book is for you. All winners in sports, business and life consistently and systematically learn from their mistakes. It's also the fastest, simplest, most powerful and yet least practiced way to improve you or your organization's performance. We know intuitively we should learn from our missteps. However, very few of us actually do, and that itself is a huge error. Discover what Michael Phelps, Warren Buffett, Amazon and Delta Force have in common in "The Magnificent Mistake."

Earn from Your Mistakes

Earn from Your Mistakes
Author: Gerard I. Nierenberg
Publisher:
Total Pages: 328
Release: 1996
Genre: Decision making
ISBN: 9780760712832

"Best selling author of art of negotiating and how to read a person like a book, now turns his self-improvement expertise to a common and costly problem the mistake. From a mere typo to a more sever error in judgment, mistakes. From a mere typo to a more severe error in judgment mistakes are at best exasperating, and at worst devastating in their consequences. But do we really allow ourselves to learn from our mistakes? Nierenberg explains how to diagnose and correct your most frequent and frustrating mistakes before they happen again. Use his clear and simple error awareness system and be enlightened." --Inside cover.

The Book of Mistakes

The Book of Mistakes
Author: Corinna Luyken
Publisher: Penguin
Total Pages: 57
Release: 2017-04-18
Genre: Juvenile Fiction
ISBN: 0735227926

Zoom meets Beautiful Oops! in this memorable picture book debut about the creative process, and the way in which "mistakes" can blossom into inspiration One eye was bigger than the other. That was a mistake. The weird frog-cat-cow thing? It made an excellent bush. And the inky smudges… they look as if they were always meant to be leaves floating gently across the sky. As one artist incorporates accidental splotches, spots, and misshapen things into her art, she transforms her piece in quirky and unexpected ways, taking readers on a journey through her process. Told in minimal, playful text, this story shows readers that even the biggest “mistakes” can be the source of the brightest ideas—and that, at the end of the day, we are all works in progress, too. Fans of Peter Reynolds’s Ish and Patrick McDonnell’s A Perfectly Messed-Up Story will love the funny, poignant, completely unique storytelling of The Book of Mistakes. And, like Oh, The Places You’ll Go!, it makes the perfect graduation gift, encouraging readers to have a positive outlook as they learn to face life’s obstacles.

I Killed Zoe Spanos

I Killed Zoe Spanos
Author: Kit Frick
Publisher: Simon and Schuster
Total Pages: 416
Release: 2021-06-08
Genre: Juvenile Fiction
ISBN: 153444971X

Working as a nanny in the Hamptons before starting college, Anna learns of her weird connection to a missing girl, but after she confesses to manslaughter a podcast producer helps reveal life-changing truths.

10 Financial Mistakes You Should Avoid

10 Financial Mistakes You Should Avoid
Author: Stephen S K Ng
Publisher:
Total Pages: 134
Release: 2015-06-22
Genre:
ISBN: 9780692463604

If you are retired or about to retire, you face a rapidly changing landscape and a number of unique financial challenges. Will you have enough to last through retirement? How can you preserve your assets and standard of living? What are the strategies and solutions you can put in place to help preserve the money you have worked so hard to earn? In 10 Financial Mistakes You Can't Afford to Make, Stephen Ng addresses these questions and many more. After more than two decades of working with retirees and pre-retirees, he knows the mistakes people make--and how to avoid them. In his direct and accessible style, Stephen guides you through every step of the journey, from devising a retirement plan to educating yourself to helping preserve your investments. He also provides a number of risk management strategies, helping readers understand the dangers posed by longevity risk and the sequence of returns. 10 Financial Mistakes is packed full of invaluable information and the strategies for retirees seeking to manage their retirement assets in an uncertain world.

Big Mistakes

Big Mistakes
Author: Michael Batnick
Publisher: John Wiley & Sons
Total Pages: 141
Release: 2018-05-22
Genre: Business & Economics
ISBN: 1119366410

A Must-Read for Any Investor Looking to Maximize Their Chances of Success Big Mistakes: The Best Investors and Their Worst Investments explores the ways in which the biggest names have failed, and reveals the lessons learned that shaped more successful strategies going forward. Investing can be a rollercoaster of highs and lows, and the investors detailed here show just how low it can go; stories from Warren Buffet, Bill Ackman, Chris Sacca, Jack Bogle, Mark Twain, John Maynard Keynes, and many more illustrate the simple but overlooked concept that investing is really hard, whether you're managing a few thousand dollars or a few billion, failures and losses are part of the game. Much more than just anecdotal diversion, these stories set the basis for the book's critical focus: learning from mistakes. These investors all recovered from their missteps, and moved forward armed with a wealth of knowledge than can only come from experience. Lessons learned through failure carry a weight that no textbook can convey, and in the case of these legendary investors, informed a set of skills and strategy that propelled them to the top. Research-heavy and grounded in realism, this book is a must-read for any investor looking to maximize their chances of success. Learn the most common ways even successful investors fail Learn from the mistakes of the greats to avoid losing ground Anticipate challenges and obstacles, and develop an advance plan Exercise caution when warranted, and only take the smart risks While learning from your mistakes is always a valuable experience, learning from the mistakes of others gives you the benefit of wisdom without the consequences of experience. Big Mistakes: The Best Investors and Their Worst Investments provides an incomparable, invaluable resource for investors of all stripes.

The Great Mental Models, Volume 1

The Great Mental Models, Volume 1
Author: Shane Parrish
Publisher: Penguin
Total Pages: 209
Release: 2024-10-15
Genre: Business & Economics
ISBN: 0593719972

Discover the essential thinking tools you’ve been missing with The Great Mental Models series by Shane Parrish, New York Times bestselling author and the mind behind the acclaimed Farnam Street blog and “The Knowledge Project” podcast. This first book in the series is your guide to learning the crucial thinking tools nobody ever taught you. Time and time again, great thinkers such as Charlie Munger and Warren Buffett have credited their success to mental models–representations of how something works that can scale onto other fields. Mastering a small number of mental models enables you to rapidly grasp new information, identify patterns others miss, and avoid the common mistakes that hold people back. The Great Mental Models: Volume 1, General Thinking Concepts shows you how making a few tiny changes in the way you think can deliver big results. Drawing on examples from history, business, art, and science, this book details nine of the most versatile, all-purpose mental models you can use right away to improve your decision making and productivity. This book will teach you how to: Avoid blind spots when looking at problems. Find non-obvious solutions. Anticipate and achieve desired outcomes. Play to your strengths, avoid your weaknesses, … and more. The Great Mental Models series demystifies once elusive concepts and illuminates rich knowledge that traditional education overlooks. This series is the most comprehensive and accessible guide on using mental models to better understand our world, solve problems, and gain an advantage.

Investment Mistakes Even Smart Investors Make and How to Avoid Them

Investment Mistakes Even Smart Investors Make and How to Avoid Them
Author: Larry Swedroe
Publisher: McGraw Hill Professional
Total Pages: 321
Release: 2011-12-08
Genre: Business & Economics
ISBN: 0071786821

A guide to avoiding investment mistakes reveals the most common errors investors make and provides a framework for rethinking investment and money management strategies.

Forgive and Remember

Forgive and Remember
Author: Charles L. Bosk
Publisher: University of Chicago Press
Total Pages: 303
Release: 2011-09-09
Genre: Medical
ISBN: 0226924688

The landmark study of how medical errors are managed among surgeons and other hospital staff—now in an updated edition with a new preface and epilogue. When it was first published, Forgive and Remember offered groundbreaking insight into the training and lives of young surgeons. It quickly emerged as the definitive sociological study on the subject. While medical errors are both inevitable and potentially devastating, Bosk found that they could be forgiven—as long as they were remembered and never repeated. In this second edition, Bosk reflects more than twenty years later on how things have changed, both in the medical profession and in sociology. With an extensive new preface, epilogue, and appendix by the author, this updated edition of Forgive and Remember is as timely as ever.