Richard Thaler, a leading light in the field of shedding light on how much our behaviour affects our investment outcomes, has won the 2017 Nobel Prize for Economics. Bloomberg reported that his body of work "includes insights on the ways in which limited rationality, social preferences and a lack of self control affect decisions that … Continue reading Behavioural Economist Richard Thaler wins the 2017 Nobel Prize for Economics
I recently attended Foord Asset Management's Mind of the Manager event which was kicked-off by MD Paul Cluer. Paul reminded us of the story of Pascal's Wager, and illustrated how Foord apply the philosophy of Pascal's tale to how they manage money. Source: Wikipedia Recap: Pascal's Wager Blaise Pascal was a 17th-century French … Continue reading Investing with Pascal’s Wager in mind
As a Certified Financial Planner® and member of the Financial Planning Institute of Southern Africa I subscribe to the international Financial Planning Standards Board's 6-step process to financial planning. The second step in this process is to "collect the client's information". We are expected to: identify the client’s personal and financial objectives, needs and priorities that … Continue reading Are you ready to get financially naked?