LOSS AVERSION: A BEHAVIORAL RISK FOR BOTH FINANCIAL ADVISORS AND THEIR CLIENTS David Dubofsky, PhD, CFA Lyle Sussman, PhD You win some and you lose some. For a moment think about how often you’ve heard or used that phrase. Maybe you said it to someone who was just denied a promotion. Or possibly someone said it to you after you lost…
Thanks again to Brian Adams for hosting a podcast in which we discussed the importance of combining Financial Literacy with Life Literacy—i.e., Total Wealth. To listen to our discussion, click on: If someone asks you what wealth means for you, what would your response be? The first thing people always associate this term with is money, however, wealth can also be translated into freedom, opportunities, and…
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…
For some down-to-earth, basic advice on money and life, I have a book to recommend: “Your Total Wealth: The Heart and Soul of Financial Literacy.” by: H. Dennis Beaver, Esq. April 17, 2021 “Mr. Beaver, I am finally starting to earn real money in my medical practice but don’t know the first thing about investing. I need concrete advice on…