The Laws of Wealth. Book Summary

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Dr. Daniel Crosby

What’s inside

The Laws of Wealth provides principles for creating a wealth-building strategy grounded in psychological research. It addresses common cognitive biases and emotional responses that can lead investors astray.

You’ll Learn

  • Identifying and overcoming personal financial biases
  • Learning strategies for better investment decisions
  • Understanding the psychological aspects of wealth creation
  • Gaining insights into effective long-term financial planning

Key Points

  • Know Thyself: Understanding psychological biases
  • The Behavior Gap: Emotional investing vs. logical planning
  • Customize Your Environment: Structuring for financial success
  • Slow and Steady: The benefits of long-term investing
  • Be There or Be Square: The importance of showing up
  • Self-Control is a Limited Resource: Managing decision fatigue
  • No One is Smarter Than the Market: Embracing market efficiency

Who’s it For

  • Investors
  • Financial advisors
  • Psychology enthusiasts
  • People interested in behavioral finance
  • Anyone seeking to improve their financial decision-making

About the author

Dr. Daniel Crosby is a psychologist and behavioral finance expert who blends psychological theory with asset management.