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This audiobook is not for the faint of heart!
This is an academic overiew of behavioral finance. Not as thorough as a textbook, but it has the same flavor. With the acadmic perspective without the thoroughnes of an academic text, it reads like a litnay of hypothesis about the 'irrationality' of the stock market interspersed with anecdotal statistics and historical examples.
The book has a very one-sided view of the central controversy in the economics of Finance, which is the rationlity of the financial markets. His strong endorsement of behavorial finance and emphatic rejection of Efficient Market Theory detract from the power of some of the hypothesis he puts forward.
Because it is abridged, I cannot say if the book lost much in the abridgement. Being read by the author (a Yale economics professor), I would hope that this version keeps the essence of the unabridged text.
If you can survive what seems, at times, an interminable academic lecture, this book does offer lots of facts and insights useful to understanding how the financial markets funtion.
7 of 7 people found this review helpful
great explanation of "what happened" during the bubble years and a must hear for anyone that invests.
1 of 1 people found this review helpful
I clicked this into my library without realising a) that it was abridged and b) that it is the 2000 edition not the 2005 revised edition. In other words, in my appreciation this purchase is a complete mistake. Why would the 2000 edition even still be in stock, once the post-2001 crash version is available? I'm going to try and send this book back.
18 of 19 people found this review helpful