Personal benchmark : integrating behavioral finance and investment management / Chuck Widger and Daniel Crosby.

Format:

Book

Author/Creator:

Widger, Chuck, author.

Crosby, Daniel, 1979- author.

Language:

English

Subjects (All):

Investment advisors.

Investment advisor-client relationships.

Finance--Psychological aspects.

Finance.

Portfolio management--Psychological aspects.

Portfolio management.

Physical Description:

1 online resource (339 p.)

Edition:

1st edition

Other Title:

Integrating behavioral finance and investment management

Place of Publication:

Hoboken, New Jersey : Wiley, 2015.

Language Note:

English

System Details:

text file

Summary:

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

Contents:

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

Notes:

"+website"--Cover.

Includes bibliographical references at the end of each chapters and index.

Description based on print version record.

ISBN:

9781118963333

1118963334

9781119204190

1119204194

9781118963395

1118963393

OCLC:

881387990