Home bias is well recognized in behavior finance phenomenon when an investor prefers stocks of companies located in the same country as the investor. To some extend home bias effect exist in finance literature – for example amateur US investors more familiar with ideas of US money managers than with ideas of non-US professional investors. The book “Professional Investor Rules: Top investors reveal the secrets of their success” by Jonathan Davis closed this gap exposing readers to ideas of money managers from different countries /mostly UK probably again because home bias of the publisher 😎 /. A reader will find several gems in the book that are ready for immediately use. If you like books like “Market Wizards” and similar you find “Professional Investor Rules” as the enjoyable and useful reading.
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