• The Little Book of Behavioral Investing

  • How Not to Be Your Own Worst Enemy
  • By: James Montier
  • Narrated by: Sean Pratt
  • Length: 5 hrs and 2 mins
  • 4.3 out of 5 stars (424 ratings)

1 title per month from Audible’s entire catalog of best sellers, and new releases.
Access a growing selection of included Audible Originals, audiobooks and podcasts.
You will get an email reminder before your trial ends.
Your Premium Plus plan is $14.95 a month after 30 day trial. Cancel anytime.
Buy for $23.60

Buy for $23.60

Pay using card ending in
By confirming your purchase, you agree to Audible's Conditions of Use and Amazon's Privacy Notice. Taxes where applicable.

Publisher's Summary

Little book, big profits....

Here is a detailed guide to overcoming the most frequently encountered psychological pitfalls of investing.

Bias, emotion, and overconfidence are just three of the many behavioral traits that can lead investors to lose money or achieve lower returns. Behavioral finance, which recognizes that there is a psychological element to all investor decision-making, can help you overcome this obstacle.

In The Little Book of Behavioral Investing, expert James Montier, one of the world's foremost behavioral analysts, takes you through some of the most important behavioral challenges faced by investors. Montier reveals the most common psychological barriers, clearly showing how emotion, overconfidence, and a multitude of other behavioral traits, can affect investment decision-making. This book:

  • Offers time-tested ways to identify and avoid the pitfalls of investor bias
  • Discusses how to learn from our investment mistakes instead of repeating them
  • Explores the behavioral principles that will allow you to maintain a successful investment portfolio

Written in a straightforward and accessible style, The Little Book of Behavioral Investing will enable you to identify and eliminate behavioral traits that can hinder your investment endeavors and show you how to go about achieving superior returns in the process.

©2010 James Montier (P)2010 Gildan

What listeners say about The Little Book of Behavioral Investing

Average Customer Ratings
Overall
  • 4.5 out of 5 stars
  • 5 Stars
    242
  • 4 Stars
    114
  • 3 Stars
    41
  • 2 Stars
    16
  • 1 Stars
    11
Performance
  • 4.5 out of 5 stars
  • 5 Stars
    206
  • 4 Stars
    83
  • 3 Stars
    24
  • 2 Stars
    4
  • 1 Stars
    3
Story
  • 4.5 out of 5 stars
  • 5 Stars
    186
  • 4 Stars
    83
  • 3 Stars
    35
  • 2 Stars
    9
  • 1 Stars
    5

Reviews - Please select the tabs below to change the source of reviews.

Sort by:
Filter by:
  • Overall
    5 out of 5 stars

One of the best investing books

Best uses of a credit in ages, really enjoyed this book. It covers the modern way of investing.

7 people found this helpful

  • Overall
    5 out of 5 stars
  • Performance
    4 out of 5 stars
  • Story
    5 out of 5 stars

Intryguing, funny, suprisignly good.

To be honest, I wasn't expecting anything much from the book. Was I positevly suprised once listened to it for the first time.
Although it is just 5 hours read, I enjoyed it really a lot. There are several quizes along the way which made me laugh.

Overall, if you look for a easy implementaion and introduction of behavioral psyhology, this is a really good book to start with.

2 people found this helpful

  • Overall
    3 out of 5 stars
  • Performance
    4 out of 5 stars
  • Story
    3 out of 5 stars

Nice recap of the thinking Fast and Slow

I advise instead Thinking fast and Slow of Kahneman. It's much more detailed. This is more or less a summary of it.

1 person found this helpful

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars

Required reading for the investor.

Loved it. A great introduction to the subject with implications for all aspects of life.

1 person found this helpful

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars

Great book for the beginner and more experienced

No matter if you have never listened to a book on behavioral finance or if you have listened/read quite a few, this book is great. I fall in the latter category, but still found it a great book. Firstly it gives a good overview of the field, secondly it's well structured and a pleasure to listen to.

1 person found this helpful

  • Overall
    4 out of 5 stars

I'd Heard a Lot of this Before, But ...

If you have studied human behavior, there is a lot in here that you already know. The author does a really good job of applying it to investing, and showing how you can stop being your own worst enemy.

3 people found this helpful

  • Overall
    2 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    1 out of 5 stars

NEGATIVE BOOK

The author says he's fat in the last chapter. Anyone should know that's a clear indicator of a bad book, to begin with.

The book is all about why most people can't succeed investing in the stock market, or any businesses for that matter.

I don't know about you, but I don't care about knowing how not to fail, I care only about knowing how to succeed.

If you are the same, don't read this book.

  • Overall
    2 out of 5 stars

Depressive tone. Not helpful.

The reader has a very depressive tone. Mostly ancedotal information. Very little actionable information.

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars

Wow a lot of good information

For me this was definitely a 2x listen to audio book. A lot of wow and oooh wow moments for myself on how the mind has gotten the better 9f me at times.

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars

An Investing Classic

I would highly recommend this book to any serious investor. This is a classic alongside Benjamin Gram.

Sort by:
Filter by:
  • Overall
    1 out of 5 stars
  • Performance
    1 out of 5 stars
  • Story
    1 out of 5 stars
Profile Image for JZ
  • JZ
  • 04-11-21

A aweful narration

A very dry topic read by a very very bad boring narrator. Could not hope with it after half an hour listening

1 person found this helpful

  • Overall
    5 out of 5 stars
Profile Image for steven Buckley
  • steven Buckley
  • 01-21-13

helps to better control emotion

Wanted a book like this for a while, helps keep my feet firmly on the ground and control those ever lurkingl emotions. it gives me the ability to not follow the herd when investing or trading, Very good book to understand how emotions play a part in the stock market

1 person found this helpful

  • Overall
    4 out of 5 stars
  • Performance
    4 out of 5 stars
  • Story
    4 out of 5 stars
Profile Image for Horley, G
  • Horley, G
  • 10-04-21

Pause for thought before acting on instinct

Evolution's legacy is distorted 'rationality'.

Herd behaviour, and multiple biases do not equip us well for rational investment and disinvestment decisions.

This book is easy reading but it's messages are hard to learn. it's a useful primer in humility.

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for stephen
  • stephen
  • 05-15-20

excellent

great information raises awareness of our natural subconscious and conscious biases must read for all investors

  • Overall
    4 out of 5 stars
  • Performance
    3 out of 5 stars
  • Story
    3 out of 5 stars
Profile Image for Mr
  • Mr
  • 12-15-18

Good guide to psychological fallacies.

Good read. There's a ton of fascinating information in here on the numerous psychological quirks and fallacies that humans fall pray to, with an emphasis on those relevant to traders. The main actionable point being that we need to have consistent rules and procedures in place to counter our own psychological frailties.

My main criticism of the book was although there is a great deal of good information here, it's not organized in a way that aids memory or allows you to process it very clearly.

Pratt is his usual competent self as the narrator.

  • Overall
    4 out of 5 stars
  • Performance
    4 out of 5 stars
  • Story
    4 out of 5 stars
Profile Image for LC
  • LC
  • 10-03-18

A useful summary/reminder, by not much new

This book provides a useful summary and reminder of common decision making pitfalls, but these are the same as are commonly mentioned in many other books, so there isn't much new here.
Main takeaway is to follow process, as this gives much better results than our default decision making tendencies outside of process.

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for David Jones
  • David Jones
  • 07-25-18

behave!

just the right length. covers the main bad habits that all investors must work to overcome - habits that probably served cavemen very well, but routinely cause investors to lose money.
Montier is clearly a very good writer, and his style translates well to audiobook format.

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for Rajeev
  • Rajeev
  • 02-16-18

Good book to introspect investing behaviour

Easy book to listen to with lots of examples and results of experiments done over a period of time. Key is taking time out after reading, doing an honest self-reflection, looking out for behavioural patterns in investing & making appropriate changes.

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for Matt Lewis
  • Matt Lewis
  • 01-29-18

brilliant insights to self sabotage

We all think we are better than we are and this book explains simply why that is the case and suggests ways of addressing it. if we cannot accurately analyse our decisions then how can we expect to improve our performance. every investor needs to read this book and take notes to do a self check once in a while as it will undoubtedly improve their results and therefore profits

  • Overall
    5 out of 5 stars
  • Performance
    4 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for I. D. Wright
  • I. D. Wright
  • 03-02-16

Excellent

Very good analysis of many human investment bias aspects. Excellent and well read by narrator.

Sort by:
Filter by:
  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for Anonymous User
  • Anonymous User
  • 07-07-20

Great Insight and food for thought

Great tips to use and pur into play for the future. Really enjoyed the book

1 person found this helpful

  • Overall
    4 out of 5 stars
  • Performance
    4 out of 5 stars
  • Story
    4 out of 5 stars
Profile Image for Anonymous User
  • Anonymous User
  • 02-03-21

worth the multiple listens

i enjoyed but but will need to listen multiple times for it to sink it

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for callum.price
  • callum.price
  • 12-14-20

A fantastic book on inversting

really enjoyed this "little book" and would highly recommend for anyone interested in trying to master the psychology behind of investments

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for Anonymous User
  • Anonymous User
  • 06-16-20

Great Insight

I’m a new investor. Great book for looking at the psychology of the investing. Highly recommend.

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for Road Jackson
  • Road Jackson
  • 02-17-20

Humble title, big ideas, brilliant!

Don't be fooled, this book packs in a lot of useful information for people wanting insight into how they invest. The examples are interesting and easy to relate to. This can really help any investor identify their own investing blind spots and makes practical suggestions for learning to manage them.