Personal Benchmark: Integrating Behavioral Finance and Investment Management
| Author | : | |
| Rating | : | 4.26 (926 Votes) |
| Asin | : | 1118963326 |
| Format Type | : | paperback |
| Number of Pages | : | 336 Pages |
| Publish Date | : | 2013-02-04 |
| Language | : | English |
DESCRIPTION:
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. Just as surely as irrational simplifications can lead us to f
Irrationality is acting in ways that thwart our ability to reach those dreams. 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. In Personal Benchmark: Integrating Behavioral Finance and Investment Management, Chuck Widger and Dr. 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 n
They usually border on boring college textbooks or get rich quick schemes Frank Coates I am a Chartered Financial Analyst and have read dozens of books on personal investing. They usually border on boring college textbooks or get rich quick schemes. Chuck and Dan have written the first book I have read that will help the average investor improve their outcom. Julio C. Canas said A New Investment Paradigm Arises. Investments have always been explained using numbers and statistics. This is necessary, but not sufficient. Behind every investment decision there is a human trying to accomplish something, and such human has emotions that always affect his behavior, and therefore, his rat. "Strong on Why, Weak on How" according to Michael W. Peterson. Personal Benchmark is strong on the why and weak on the how. It makes a very compelling case for why you should not measure your portfolio against the market, but rather against your ability to reach your goals. But, when it comes to how to implement the strategy, the book
He served as a Lieutenant in the U.S. Crosby's well-reviewed first book, You're Not That Great (2012), applies elements of behavioral finance to the pursuit of a meaningful life.. Crosby constructed the "Irrationality Index," a sentiment measure that gauges greed and fear in the marketplace from month to month. Dr. CHUCK WIDGER is the Founder and Executive Chairman of Brinker Capital, an investmen