Your Money and Your Brain, Jason Zweig
Your Money and Your Brain, Jason Zweig
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Your Money and Your Brain
How the New Science of Neuroeconomics Can Help Make You Rich

Author: Jason Zweig

Narrator: Walter Dixon

Unabridged: 11 hr 39 min

Format: Digital Audiobook Download

Publisher: Tantor Media

Published: 01/28/2020


Synopsis

What happens inside our brains when we think about money? Quite a lot, actually, and some of it isn't good for our financial health. In Your Money and Your Brain, Jason Zweig explains why smart people make stupid financial decisions—and what they can do to avoid these mistakes. Zweig, a veteran financial journalist, draws on the latest research in neuroeconomics, a fascinating new discipline that combines psychology, neuroscience, and economics to better understand financial decision making. He shows why we often misunderstand risk and why we tend to be overconfident about our investment decisions. Your Money and Your Brain offers some radical new insights into investing and shows investors how to take control of the battlefield between reason and emotion.

Your Money and Your Brain is as entertaining as it is enlightening. In the course of his research, Zweig visited leading neuroscience laboratories and subjected himself to numerous experiments. He blends anecdotes from these experiences with stories about investing mistakes, including confessions of stupidity from some highly successful people. Then he draws lessons and offers original practical steps that investors can take to make wiser decisions.


About Jason Zweig

Jason Zweig became a personal finance columnist for the Wall Street Journal in 2008. He was a senior writer for Money and a guest columnist for Time and Cnn.com. He is the author of Your Money and Your Brain, one of the first books to explore the neuroscience of investing. Zweig is also the editor of the revised edition of Benjamin Graham's The Intelligent Investor, the classic text that Warren Buffett has described as "by far the best book about investing ever written." Before joining Money in 1995, Zweig was the mutual funds editor at Forbes. Earlier, he had been a reporter-researcher for the Economy & Business section of Time and an editorial assistant at Africa Report, a bimonthly journal. A frequent commentator on television and radio, Zweig is also a popular public speaker who has addressed the American Association of Individual Investors, the Aspen Institute, the CFA Institute, the Morningstar Investment Conference, and university audiences at Harvard, Stanford, and Oxford.

Zweig was for many years a trustee of the Museum of American Finance, an affiliate of the Smithsonian Institution. He serves on the editorial boards of Financial History magazine and the Journal of Behavioral Finance.


Reviews

Goodreads review by Felicity on December 21, 2018

Must read for every investor. Chapter One: Neuroeconomics “One of the themes of this book is that our investing brains often drive us to do things that make no logical sense- make perfect emotional sense.” 3 “The investing brain is far from the consistent, efficient, logical device that we like to pret......more

Goodreads review by ManOfLaBook.com on June 08, 2010

This behavioral finance book came recommended to me and I’m glad it did. The book, in a very non-technical language, touches on how the body reacts physically and mentally to the changing stock market. The author explains how the brain works when faced with pleasant events (stocks going up) and unple......more

Goodreads review by Akhil on November 05, 2018

My fav quotes (not a review): -Page 5 | "My intention was to minimize my future regret. So I split my contributions 50/50 between bonds and equities." -Page 5 | "An expert in linear programming, he knew that “I should have computed the historical co-variances of the asset classes and drawn an efficien......more

Goodreads review by John on December 29, 2016

The emotional response of the reflexive brain overwhelms the analytical powers of the reflective brain. One can avert portfolio paralysis by investing gradually and automatically over time with a $-cost averaging plan. "Found money" can do funny things to your head. [URL not allowed]......more

Goodreads review by Thomas on May 29, 2009

How the brain reacts to stimulus as it relates to gains, gambles, losses, framing, etc. Has helped me obsess less about the stock market.......more