7 Mistakes Every Investor Makes (And How To Avoid Them)

Description

Every investor makes mistakes. Private or professional, amateur or experienced, there is no exception.
And many of these are common mistakes. Whether or not they want to admit it, many investors have committed the same errors. How can you avoid these mistakes? How can you distinguish yourself as an investor and improve your performance?
Joachim Klement, research analyst and former Chief Investment Officer with 20 years’ experience in financial markets, has the answers.
Seven Mistakes Every Investor Makes (And How To Avoid Them) calls upon years of experience and scientific research to deliver expert insight into the most common mistakes plaguing investors. From there, Klement outlines his personal tools and techniques, developed, refined and successfully implemented over many years in the finance industry, to help avoid and mitigate such mistakes. His ultimate aim: to help you help yourself.
The mistakes covered include forecasting, short- and long-term orientation, repeating past errors, confirmation bias, not delegating to experts, and blind trust of traditional assumptions.
Seven Mistakes Every Investor Makes (And How to Avoid Them) is a must-have guide for every investor. Packed with scientific research and personal wisdom, this book draws together the most common investing mistakes in order to practically reveal how to overcome and eliminate them.
Don’t make another avoidable mistake by missing out on this book.

Joachim Klement is a research analyst and former Chief Investment Officer with 20 years’ experience in financial markets. He spent most of his career working with wealthy individuals and family offices advising them on investments and helping them manage their portfolios.
Joachim studied mathematics and physics at the Swiss Federal Institute of Technology (ETH) in Zurich, Switzerland and graduated with a master’s degree in mathematics. During his time at ETH, Joachim experienced the technology bubble of the late 1990s first hand. Through this work, he became interested in finance and investments and studied business administration at the Universities of Zurich and Hagen, Germany, graduating with a master’s degree in economics and finance and switching into the financial services industry in time for the run-up to the financial crisis.

“Joachim Klement is one of the smartest commentators on the markets today. This is one of the best books on finance I’ve ever read. It is packed full of insights. Every investor should read it.” —Brett Arends, MarketWatch“It is a well written story, simple to read, very fluid and at the same time full of insights. I like the mix of personal experience and empirical findings in psychology, economics and finance et behavioural economics. It makes our mistakes a learning process. As someone once said, good decisions are based on experience and experience is based on bad decisions.” —Yves Longchamp, Head of Research, SEBA Bank AG“This is a valuable add to any investor’s bookshelf. There is more than enough wisdom contained within to justify its purchase price.” —Jason A. Voss, Author, Return of the Active Manager“Most of our investment mistakes derive from the fact that humans have a hard time dealing with uncertainty and complex systems. Traders and economists are humans too, Joachim does not forget it. That is why his latest book is relevant and invaluable to read. He takes us through a journey grounded on personal investment experience to devises the most common mechanisms that lead to investment failure. Reading Joachim’s book increases our awareness about the true mechanisms of finance. Investment results will follow.” —Paolo Sironi, Author and Finch expert“Ever wonder why your investments underperform the market averages? In this beautifully written book, investment manager Joachim Klement tells you why. He explains the most common behavioral and cognitive errors that investors make, so you can correct them and improve your performance. This book is a fun and easy read – I highly recommend it!” —Laurence B. Siegel, Director of Research, CFA Institute Research Foundation & author, Fewer, Richer, Greener“In this book, Joachim Klement explores the 7 common mistakes that every investor makes, backed with research findings that are so revealing and beneficial to help investors get aware of their mistakes. He gives you a great insight into finding the right balance between short term and long term orientation using the combination of trading and investment techinques which in my opinion sets this book apart from other investment books. The tools and techniques to overcome these mistakes are well researched and well defined. Overall, a must have in all the investors’ book shelves.” —Thiru Nagappan, Trader and Founder of Master the Markets