Meir Statman on What Investors Really Want: Lessons from Behavioral Finance (Video)
It is impossible to separate the utilitarian, expressive, and emotional benefits of investing, according to Meir Statman, a well-known expert of behavioral finance — and when we ignore the expressive and emotional benefits, we lose useful insights into what investors really want.
Statman, the Glenn Klimek Professor of Finance at Santa Clara University and a visiting professor at Tilburg University, in the Netherlands, spoke to an attentive audience of investment professionals at a sold-out continuing education event organized by the CFA Society of the UK in London last week. Much of Statman’s talk drew from his recent book, What Investors Really Want: Know What Drives Investor Behavior and Make Smarter Financial Decisions, as well as his award-winning research.
Breakdown of the Meir Statman’s presentation:
- Problems with utilitarian rationality, and explanation of expressive and emotional benefits — 00:01 to 15:22
- Overview of difference between standard finance; three key lessons for investors; benefits of diversification; and problems with market timing — 15:23 to 29:41
- Behavioural mistakes, cognitive errors of investors — 29:42 to 44:03
- Question and answer session — 44:04 to end
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.
4 thoughts on “Meir Statman on What Investors Really Want: Lessons from Behavioral Finance (Video)”
Utterly wonderful and inspiring presentation, please share MORE.
Let me Thank You for all your effrot in bringing in Meir Statman (Great Mentor of mine). This session is really awesome…. i am going to see this over and over again, so much of truth in it. Can i have the presentation slide Meir Statman was using in the video. Is it possible if you could introduce me to him via email. I am currently reading his book What Does Investor Really Want.
I am a licensed Financial Planner based in Malaysia, i am a student of Behavioral Finance, which is a critical component in advising client, if there is any other material on this subject i would like to go through. Looking forward to hear from you, thank you for your support.
Fantastic site. Plenty of useful info here. I am sending it to some buddies ans also sharing in delicious. And of course, thank you for your effort!