David Dubofsky, PhD, CFA and Lyle Sussman, PhD The increasing interest in decision making biases affecting the financial world can best be documented with this metric: A Google search of the phrase “Behavioral Finance” yields over 5 million hits. A cursory scan of a sample of those links highlights overconfidence as a significant bias affecting both investors and their advisors. Overconfidence…
Clients of Financial Advisors and Wealth Managers hear a lot today about the Federal Reserve. Unfortunately many of those clients, and people in general, may not know what it does and how it affects their daily personal finances. Here’s a sample of “Central Bank,” one of the key terms we explain in our book, “Your Total Wealth,” to help you…
Lyle Sussman, PhD David Dubofsky, PhD, CFA THE BEST WAY TO PREDICT THE FUTURE IS TO CREATE IT Peter Drucker INTRODUCTION The way you treat clients today will determine your success tomorrow. You could be facing a future where one or more clients fire you or a future where clients happily refer you, even without asking. This quiz…