How to Use Behavioral Finance in Asset Management, Part II
Yesterday, I laid out the ways we think about and use Behavioral Finance at RWM in the practice of running a wealth management firm....
How to Use Behavioral Finance in Asset Management, Part I
Over the decades, I have consumed the entire canon of Behavioral Finance, from Ariely to Kahneman to Thaler to Shiller and back. The...
A World of Opportunities
If you think U.S. stocks are volatile, you should see Emerging Markets. EM did well in 2017, but have seen their fortunes slip in 2018....
BBRG: Trump’s Election Shows How Much Investors Have to Learn
Trump’s Election Shows How Much Investors Have to Learn Investing based on how you vote is still a terrible idea. Bloomberg, October 3,...
5 Years On . . .
On September 15, 2013, exactly 5 years ago, four of us took a leap into the unknown to launch RWM. Perhaps a few words on this crew, and...
How Different Generations Would Invest $10,000
Relative to yesterday’s discussion on the psychology of how millenials invest, this is kind of an interesting overlaid graph:...
The Kids Aren’t Alright
Millennials Are Sitting Out the Bull Stock Market The financial crisis left scars that have yet to heal. Bloomberg, September 5, 2018...
BBRG: Millennials Are Sitting Out the Bull Stock Market
Millennials Are Sitting Out the Bull Stock Market The financial crisis left scars that have yet to heal. Bloomberg, September 5, 2018...
Millennial Equity Allocations
This is fascinating: do Millenials, who came of age right into the teeth of the GFC, have a lower tolerance for risk? From Vanguard:...
Death of Active Management Has Been Greatly Exaggerated
Active Money Management Isn’t Dead Yet There are five niches that should survive Bloomberg, August 13, 2018 ...