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Good books about Behavioural Finance & Forensic Accounting

Discussion in 'Trading/Investing Resources' started by DJG, Aug 17, 2014.

  1. DJG

    DJG

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    Does anyone know of any decent books they've heard of or read themselves regarding behavioural finance and forensic accounting?

    I've noticed there is quite a few around but I suppose some reviews on what you've read may help to position me with what to get first.

    Cheers
    Dan
     
  2. DeepState

    DeepState Multi-Strategy, Quant and Fundamental

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    Behavioural Finance:

    Check out James Montier for a comprehensive overview of sub-optimal behavior due to cognition errors and/or our inadequate adaptations to financial markets.

    Forensic Accounting:

    I think you mean more for detailed financial analysis than overtly for fraud detection.

    The classic is "Security Analysis", Graham & Dodd, 1934. It remains valid today...I think. I fell asleep too much whilst reading it to claim to know definitively. :eek:
     
  3. CanOz

    CanOz Home runs feel good, but base hits pay bills!

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    There is a newer one out by a Canadian author on forensic analysis...have a search on amazon...i'll look if i get a chance...
     
  4. DJG

    DJG

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    Thanks for the suggestions so far.

    Yes, sorry I do mean more forensic analysis. Ie regarding revenue recognition and gaming of statements/numbers etc.
     
  5. skyQuake

    skyQuake

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    Not sure if all that relevant to what you're looking for, but ive found Benford's Law very interesting
     
  6. CanOz

    CanOz Home runs feel good, but base hits pay bills!

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    I've actually posted the book I'm thinking of here somewhere about a year ago...it was about a guy that used to manage a fund or does manage a fund very successfully using forensic accounting as the basis for the investment decisions. Basically his premise is that if they're cooking books, they're not worth his money or they're a short...anyway, i searched around and cannot find it. :confused:

    Cheers,


    CanOz
     
  7. CanOz

    CanOz Home runs feel good, but base hits pay bills!

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    Found it:):)

    This guy also runs an ETF, FLAG...

    He seems quite well rated for his work so far. Forensic investing...
     

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  8. howardbandy

    howardbandy

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