#1 July 2019
Articles and Blogs
Investment success depends on investor behaviour, but what if that behaviour is correlated with intelligence?
"Risk capacity can be easily accounted for in the context of the client’s goal and behaviour of the underlying assets they invest in. The sustainable withdrawal framework accounts for this, without even having to mention the phrase."
Planning should be guided by the numbers, but great advice is more art than science.
Say less, ask more.
Good things happen to good people. Read this and have your faith in humanity restored.
When Morgan writes, we read.
"That’s why I keep at it, even though I have profound doubts that most people will ever learn how to be better investors. I never expect everyone to listen; all I ever hope for is to get someone to listen." Many are called, few are chosen.
The best writer in finance discusses why education improves outcomes in other disciplines but not always in finance, the importance of our personal histories, and the appropriate balance between optimism and pessimism.
The Reformed Broker tells the story of his conversion from commissioned broker to CEO of Ritholtz Wealth Management, and how they manage client behaviour. "You're going to lose money. It's gonna happen. There's no way around it."
The author of "Advice That Sticks" explains how patient compliance research from the medical field is being applied to help clients better adhere to financial advice, and gives specific steps advisors can take to improve the way they deliver advice in order to significantly increase the likelihood that it will be followed.
Celeste Headlee has had decades of experience fine-tuning the recipe for engaging and rewarding conversation. She shares some tips to help us instantly improve our conversational skills and meaningfully connect with others.
Michael details the history of financial planning, the value proposition of the future, and how he sees the future of adviser fees.
Audio from every AGM since 1994. Pure gold.
Robert Greene: The Laws of Human Nature
This book provides a framework for understanding people's drives and motivations, even when they are unconscious of them themselves.
Atul Gawande: The Checklist Manifesto
Written in the context of medicine, this book makes a compelling for the use of checklists as a way to deal with the incredible complexity that we face as professionals.
A guide about behavioural science and investing, and how advisers can practically apply that research to their work: to help their clients, and themselves, avoid common pitfalls.
"Most of us should spend less time on most decisions and we should spend a lot more time on a few key decisions." Ramit Sethi will make you think differently about your own money behaviour.
This speech, originally delivered by Charlie Munger to an audience at Harvard University in 1995, explores how behavioral psychology can be applied to business and problem-solving.
It's our reason for being, but is it how we should sell ourselves?