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Book Review: 'Investing and the Irrational Mind: Rethink Risk, Outwit Optimism, and Seize Opportunities Others Miss'

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Book Review
Title: "Investing and the Irrational Mind: Rethink Risk, Outwit Optimism, and Seize Opportunities Others Miss"
Author: Robert Koppel
Publisher: McGraw-Hill, 2011; 304 pages; $17.72 on amazon.com

A good number of books lately have explored the various takeaways investors can learn from the field of behavioral finance, which studies how our thought processes (and often, flawed thinking patterns) interact with our investment and personal financial decisions.

Most, though, over-index on the exploring and underdo the upshot: What, precisely, are we investors supposed to be doing with this information?

We know we can be a little bit crazy. Market dr...