The Madness of Markets: Why Smart Investors Make Crazy Decisions – And How

Even the most intelligent investors can lose their way – and their money. Professor Alex Edmans delves into the psychological and social factors that drive irrational decision-making in the financial markets. Discover how mood, emotion, and social contagion influence even seasoned professionals, leading to puzzling market behaviors like chasing unprofitable stocks or ignoring obvious opportunities.

This insightful book reveals how these common mistakes can be transformed into your advantage. Learn practical strategies to safeguard your investments from costly errors and capitalize on market inefficiencies when others falter. You'll gain the tools to think more critically, invest more wisely, and identify when the collective market sentiment has gone astray.

Written by a leading finance professor, The Madness of Markets offers a compelling guide to outperforming the market in today's fast-paced and often misleading financial landscape.

Key Features & Benefits:

• Understand the psychological drivers behind investor behavior.
• Learn to identify and avoid common investment pitfalls.
• Develop strategies to capitalize on market irrationality.
• Gain insights from a world-renowned finance professor.
• Protect your capital and enhance your investment returns.

Specifications:

• Author: Alex Edmans
• Binding: Hardcover
• Language: English
• Publication Date: September 17, 2026
• Page Count: 384 pages
• Dimensions: 13.8 x 2.5 x 22.2 cm
• Weight: 400g
• ISBN-10: 0241808057
• ISBN-13: 978-0241808054

The Madness of Markets is an indispensable read for anyone looking to navigate the complexities of investing with greater clarity and confidence.