Personal benchmark integrating behavioral finance and investment management
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...
| Otros Autores: | , |
|---|---|
| Formato: | Libro electrónico |
| Idioma: | Inglés |
| Publicado: |
Hoboken, New Jersey :
Wiley
2015.
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| Edición: | 1st edition |
| Materias: | |
| Ver en Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009629209606719 |
Tabla de Contenidos:
- Personal Benchmark: Integrating Behavioral Finance and Investment Management; Contents; Preface; Introduction; Part 1: Why Do We Need to Look at Investing Differently?; Chapter 1: Freedom in the Market and Advisor Responsibility; The Financial Markets; The Purpose of the Securities Industry; Real Wins . . . and Losses; The Rot in Denmark; What We've Been Up to as Advisors; What Investors Really Want and Need; Help Me Resolve My Conflicts; Help Me Achieve My Personal Goals; Help Me Increase My Purchasing Power; Help Me Weather Volatility; Now Explain It to Me Like I'm a Four-Year-Old
- A New Investment Advice Delivery System Brinker Capital and Personal Benchmark; A History of Innovation; The Personal Benchmark Solution; The Case of Jim and Jane Dodd; Creating the Proposal; Presenting the Proposal; Reporting Performance; Summary; References; Chapter 2: Investor Emotions and Financial Decisions; The Origins and Evolution of Behavioral Finance; Early Writings; Three Phases of Evolution; The Next Evolution in Behavioral Finance; The Myths of Efficiency and Rationality; This Time, It's Different; Avoidance of Ambiguity; A Definition and Framework for Behavioral Finance
- The Psychology of Simplicity Selective Recall through Heuristics and Emotional Salience; Framing and Mental Accounting; Money Illusion; Choosing Simplicity; The Psychology of Safety; Herd Behavior; Emotional Decision-Making; Gut Feeling; Managing Emotion; The Psychology of Surety; Desperately Seeking Experts; Serenity. Now!; Summary; References; Chapter 3: Risk, This Time It''s Personal; Fallacy 1: Risk and Return Are Systematically Correlated; Behavioral Mythbuster #1-1: We Don't Want Skin in the Game; Behavioral Mythbuster #1-2: Volatility is a Heartless Beast
- Behavioral Mythbuster #1-3: Can't Buy Me Love (or a Return, It Turns Out)Fallacy 2: Investors Have a Single, Static Level of Risk Tolerance; Behavioral Mythbuster #2-1: Our Risk Tolerance Is A-Changing; Behavioral Mythbuster #2-2: We Have Multiple, Simultaneous Risk Preferences; Fallacy 3: One Man's Risk Is Another Man's Reasonable Probability; Behavioral Mythbuster #3-1: It's Not the Bogeyman, It's Just Volatility-Based Risk; Behavioral Mythbuster #3-2: Okay, This is the Bogeyman-Variance Drain and Risk
- Behavioral Mythbuster #3-3: Abandon Hope, All Ye Who Focus on Volatility-Based Notions of Risk Behavioral Risk and You; Summary; References; Part 2: What Is the Personal Benchmark Approach?; Chapter 4: Brinker Capital''s Multi-Asset Class Investment Philosophy; A Brief History of Investing; Equity Investing Redux; Modern Portfolio Theory; Diversification and the Rise of Multi-Asset Class Investing; Multi-Asset Classifications; Our Multi-Asset Class Investment Philosophy; Applying Our Philosophy; Our Six Asset Classes; Domestic Equity; International Equity; Fixed Income; Absolute Return
- Real Assets
