“Capital” is one of the most multi-functional and important words in the world of finance. Here, are its most common usages: Capitalism is an economic system in which companies and individuals privately own the means of production. In socialism, the government owns the plant, property and equipment. A capitalist is an individual who invests in companies and their assets to…
SUCCESS IS GETTING WHAT YOU WANT. HAPPINESS IS WANTING WHAT YOU GET. — Dale Carnegie Imagine for a moment that you are in a large room filled with financial planners. They are not like your Uncle Harry or Cousin Sally, who pride themselves on being financially savvy, periodically giving you hot stock tips and advice on managing your credit cards….
FINANCE David Dubofsky PhD, CFA & Lyle Sussman PhD Well, what exactly is finance? We define it as a set of concepts, rules and theories concerning how to best raise, manage, and use money. By “raising money,” we mean the judicious borrowing of money, by consumers like you, to fund consumption; the taxation and borrowing by governments to pay for…
Financial liquidity describes the ability to buy or sell something quickly at a fair price. An illiquid asset cannot be so easily sold. For example, real estate is typically an illiquid asset. You may have to wait months to get the price you want. There are three components to the liquidity of securities in general, and stocks specifically: The first is the…
Confirmation Bias is the third article in our trilogy of behavioral finance biases affecting financial advisors and their clients. Indeed… that is one of the reasons Smart People Do Stupid Things… Feel free to download copies for yourself, your colleagues and your clients. CONFIRMATION BIAS A BEHAVIORAL FINANCE BIAS AFFECTING ADVISORS AND THEIR CLIENTS David Dubofsky, PhD, CFA Lyle Sussman,…
Attending college can be exciting but also at times scary, especially when you consider that most students aren’t taught much about personal finance. Students’ fears have only been intensified recently by soaring inflation and other economic troubles, which threaten to make higher education less affordable. Many students also still have yet to recover from the impact of the COVID-19 pandemic….
With Lyle Sussman Ph.D. & David Dubofsky Ph.D. | CFA BIO: Lyle Sussman Ph.D. Lyle is the former Chairman and Professor of Management, College of Business, University of Louisville. He received his BS and MS from the University of Wisconsin-Milwaukee and his Ph.D. from Purdue. Aside from 60 scholarly articles, he is a bestselling business author with more than 1,000,000…
David A. Dubofsky Retired Professor of Finance – University of Louisville and author of “Your Total Wealth…. The Heart and Soul of Financial Literacy” The Heart And Soul Of Financial Literacy from Thomas Neuhaus on Vimeo. Watch video here: https://vimeo.com/539887856 Download: PPT deck *Americans Lack Knowledge About Finance Business Insider survey of 2007 millennials: only 20.7% understood the terms and…