The best defense against bad decisions is to fire up our System 2 thinking.
What are two of the most important things an investor needs to do to succeed? Howard Marks, CFA, offered his perspective.
It turns out there are some very precise words for some very strange emotions. Lauren Foster provides a rundown and curates other selections on the Oscars, agnotology, or the purposeful propagation of ignorance, and much more, in Weekend Reads.
There are unavoidable constraints that burden our investment decision making and carry with them inherent emotional costs. But what kind of investment decision is the most emotionally difficult? We asked readers of CFA Institute Financial NewsBrief which they found the most taxing.
What's the best process for making decisions? Should we emphasize intuition and emotion? Or should we focus on data, analytics, and the hard numbers? Erika James of Emory University offers her insight.
Client emotions can swing from fear to greed (and from hysteria to elation). Ron Florance, CFA, former deputy chief investment officer at Wells Fargo, outlines seven key principles that can help you convince clients to stay the course.
Probably no other phenomenon presents a greater challenge to the model of Homo economicus — and better examples of the complicated relationship we humans have with money — than this: Last year, the American public spent about $69 billion of their hard-earned money on lottery tickets, even though each individual's chance of winning is infinitesimal.
ReThink Group's Denise Shull advises Wall Street traders and investor on how to apply the latest finding from neuroscience to their work.
So what exactly is the behavior gap? It's what happens when we let emotion get in the way of smart financial decisions. In other words, it's the distance between what we should do and what we actually do.
Leadership-related news in March seemed to disprove the old adage “in like a lion, out like a lamb.” It was definitely an interesting month.
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