The Psychology of Investing. How to Stop Making Foolish Decisions with Your Money

If you want to become a successful investor, you need to know your internal enemies: doubt, panic, fear, impatience, desire to copy others, greed, anger. If you cannot cope with or negotiate with them, you will definitely lose and lose money. Emotions are embedded in us by nature, but what distinguishes humans from animals is the ability to control them. Experienced investment consultant and brilliant visualizer Carl Richards helps find answers to important questions: how to maintain self-control; how to properly allocate assets and energy – where to save and where to invest as much as possible. From his book, you will learn how to avoid traps waiting for beginners and professionals; realize whether your desired goal is achievable; and improve and simplify your relationship with finances. Most of the author's advice is illustrated with sketches "on napkins." These simple, clear, and easily memorable diagrams help to understand complex financial concepts - and it is no wonder they have earned their author the love of hundreds of thousands of readers of his books, blog, and weekly column Sketch Guy in The New York Times.