The 7 Deadly Sins of Investing: How to Conquer Your Worst Impulses And Save Your Financial Future

The 7 Deadly Sins of Investing: How to Conquer Your Worst Impulses And Save Your Financial Future book cover

The 7 Deadly Sins of Investing: How to Conquer Your Worst Impulses And Save Your Financial Future

Author(s): Maury Fertig (Author)

  • Publisher: Amacom Books
  • Publication Date: January 1, 2006
  • Language: English
  • Print length: 214 pages
  • ISBN-10: 0814408745
  • ISBN-13: 9780814408742

Book Description

Are you a sinner when it comes to investing? During his long and successful career at Salomon Brothers, Maury Fertig witnessed many smart people making very bad investment decisions--all because they let their emotions influence their judgment. He realized that whether the result of ego, competitiveness, or just plain laziness, these dire behaviors were rooted in seven common and recognizable human weaknesses:

* Envy: focusing on the success of others * Vanity, or Pride: an unwillingness to take advice * Lust: an infatuation with an investment, despite warnings that it is not sound * Avarice: a tendency to hold onto a stock for too long, decreasing its return * Anger, or Wrath: irrational behavior that sacrifices steady progress for a quick hit * Gluttony: compulsive and excessive investing * Sloth: ignoring finances altogether

The Seven Deadly Sins of Investing helps readers recognize their investing vices, and offers practical strategies to help them correct the error of their ways. Illustrated by real stories about real investors who have given in to temptation, the book provides solid financial advice for avoiding common pitfalls and staying on the path to "salvation"--and wealth.

Editorial Reviews

Review

"I particularly recommend the book to anybody who thinks picking stocks is child's play.." -- Humberto Cruz, nationally syndicated personal finance columnist, Los Angeles Times

"by focusing on the seven deadly sins,Mr.Fertig has provided achecklist of what not to do when it comes to investing -- The New York Times

About the Author

Maury Fertig (Northbrook, IL) is the founder of Relative Value Partners, a registered investment advisor, where he applies the strategies in this book with a wide range of clients. He was previously Managing Director for Corporate Bond Sales in the Midwest and Southwest for Salomon Smith Barney/Citigroup.

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