Private Wealth Roundup: Common Investing Errors, The Fallacy of Fancy Titles, and the Art of the Delay

It may seem like the Barclays Libor-rigging scandal is the only story that has mattered in the past few weeks, but there were plenty of great articles lurking beneath the headlines on topics ranging from the art of procrastination to the state of being “‘Busy!’ ‘So busy.’ ‘Crazy busy’.” Here are some of my favorite recent reads for financial advisers:

Adviser versus Advisor

• Should you go to an adviser or an advisor? (Wall Street Journal)
• Does a fancy financial adviser title ensure high standards? (New York Times)

Time Management

• “The ‘Busy’ Trap” in the New York Times went viral. And in response: “Busy: A Four Letter Word” from the Wall Street Journal.
• Frank Partnoy had a great piece on the art and science of managing delay. (Financial Times)

Checklists

• Barry Ritholz has a list of the 10 most common investor errors. Number three: “You are your worst enemy.” (The Big Picture)
• Bob Seawright’s “Investing Checklist” details 30 errors and their related maxims. (Above the Market)

Behavioral Finance

• When is your judgment of risk compromised? (HBR)
• Useful advice to keep clients refueled prior to decision-making. (Nerd’s Eye View)
• Ego depletion and investing. (Cabot Research)
• Cheating, ethical standards and honor code reminders: Classroom Ethics 101. (Dan Ariely’s blog)
• This much I know: Daniel Kahneman. (The Guardian)

Tax and Estate Planning

• Paul Sullivan examines why family limited partnerships have suddenly become popular. (New York Times)

And now for something completely different:

• What would Winston do? (Reuters Magazine)

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Please note that the content of this site should not be construed as investment advice, nor do the opinions expressed necessarily reflect the views of CFA Institute.