Personal Benchmark: Integrating Behavioral Finance and Investment Management - Rilegato

Widger, Charles; Crosby, Daniel

Rilegato

ISBN 10: 1118963326 ISBN 13: 9781118963326

Casa editrice: John Wiley & Sons Inc, 2014

Riassunto

In Personal Benchmark: Integrating Behavioral Financeand Investment Management, Chuck Widger and Dr. Daniel Crosbyoutline the ways in which a program of embedded behavioral finance,fueled by what matters most to you, can be your protection againstirrational financial behavior. Along the way, you'll learn how toimprove your investment experience, increase returns formerlysacrificed to misbehavior, and worry less about "The Economy" asyou become increasingly focused on "My Economy."

Welcome to a new way of investing, a new paradigm forconceptualizing wealth, and a system of turning emotion from yourportfolio's worst enemy into its best friend!

In this new model, risk is simply the likelihood that we willunderperform our dreams. Irrationality is acting in ways thatthwart our ability to reach those dreams. And the optimal portfoliois not the one that generates the highest return in abstraction, itis the one that helps us meet our goals without killing our nervesbefore we get there.

This book gives advisors the tools needed to effectivelycommunicate the design and execution of the Personal Benchmarksolution.

Su questo libro

Informazioni sull?autore

CHUCK WIDGER is the Founder and Executive Chairman of Brinker Capital, an investment managment firm with $17 billion in assets under management. Chuck is currently Chair of the Villanova University School of Law Board of Consultors. Chuck is a past Chair of the Gettysburg College Board of Trustees and is chair-emeritus of the Money Management Institute's Board of Governors. The Money Management Institute is the industry association for the $3.5 trillion managed solutions industry. He served as a Lieutenant in the U.S. Navy.

DR. DANIEL CROSBY is a psychologist and behavioral finance expert who helps organizations understand the intersection of mind and markets. Dr. Crosby constructed the "Irrationality Index," a sentiment measure that gauges greed and fear in the marketplace from month to month. His ideas have appeared in print and online, and Daniel was named one of the "12 Thinkers to Watch" by Monster.com and a "Financial Blogger You Should Be Reading" by AARP. Dr. Crosby's well-reviewed first book, You're Not That Great (2012), applies elements of behavioral finance to the pursuit of a meaningful life.

Dalla quarta di copertina

Personal Benchmark

One of the benefits of behavioral finance is that it shines a light on the little peccadilloes that make us the flawed but lovable people we are. But irrational as we may be, we can turn the tide on ourselves and use these quirks to our personal advantage. Just as surely as irrational simplifications can lead us to focus on the wrong things, an effective system for mentally accounting for our holdings can provide us with felt security.

In Personal Benchmark: Integrating Behavioral Finance and Investment Management, Chuck Widger and Dr. Daniel Crosby outline the ways in which a program of embedded behavioral finance, fueled by what matters most to you, can be your protection against irrational financial behavior. Along the way, you'll learn how to improve your investment experience, increase returns formerly sacrificed to misbehavior, and worry less about "The Economy" as you become increasingly focused on "My Economy."

Welcome to a new way of investing, a new paradigm for conceptualizing wealth, and a system of turning emotion from your portfolio's worst enemy into its best friend!

In this new model, risk is simply the likelihood that we will underperform our dreams. Irrationality is acting in ways that thwart our ability to reach those dreams. And the optimal portfolio is not the one that generates the highest return in abstraction, it is the one that helps us meet our goals without killing our nerves before we get there.

This book gives advisors the tools needed to effectively communicate the design and execution of the Personal Benchmark solution.

Dal risvolto di copertina interno

One of the benefits of behavioral finance is that it shines a light on the little peccadilloes that make us the flawed but lovable people we are. But irrational as we may be, we can turn the tide on ourselves and use these quirks to our personal advantage. Just as surely as irrational simplifications can lead us to focus on the wrong things, an effective system for mentally accounting for our holdings can provide us with felt security.

In Personal Benchmark: Integrating Behavioral Finance and Investment Management, Chuck Widger and Dr. Daniel Crosby outline the ways in which a program of embedded behavioral finance, fueled by what matters most to you, can be your protection against irrational financial behavior. Along the way, you'll learn how to improve your investment experience, increase returns formerly sacrificed to misbehavior, and worry less about "The Economy" as you become increasingly focused on "My Economy."

Welcome to a new way of investing, a new paradigm for conceptualizing wealth, and a system of turning emotion from your portfolio's worst enemy into its best friend!

In this new model, risk is simply the likelihood that we will underperform our dreams. Irrationality is acting in ways that thwart our ability to reach those dreams. And the optimal portfolio is not the one that generates the highest return in abstraction, it is the one that helps us meet our goals without killing our nerves before we get there.

This book gives advisors the tools needed to effectively communicate the design and execution of the Personal Benchmark solution.

Dettagli dell?edizione

• Editore: John Wiley & Sons Inc
• Data di pubblicazione: 2014
• Lingua: Inglese
• ISBN 10: 1118963326
• ISBN 13: 9781118963326
• Rilegatura: Copertina rigida
• Numero edizione: 1
• Numero di pagine: 312
• Contatto del produttore: non disponibile