October 2014
Beginner to intermediate
336 pages
7h 58m
English
book
Personal Benchmark: Integrating Behavioral Finance and Investment Management
by Charles Widger, Dr. Daniel Crosbys
Content preview from Personal Benchmark: Integrating Behavioral Finance and Investment Management
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
Chapter 9Providing an Easy-to-Understand Explanation
Chuck Widger
Lucy, you got some ‘splaining to do!
—Dezi Arnez to his wife Lucy Arnez
By using the bucket framework I am using a type of mental accounting which makes it easy to communicate important behavioral finance concepts, and consequently, I easily connected with two important new clients I had been unable to connect with for years.
—Michelle Curry, Financial Advisor
Up to this point in the book, we have outlined the theory underlying our Personal Benchmark solution, from the reasons we need to look at investing differently (Part 1), to the components of the Personal Benchmark approach (Part 2), and, in Part 3, how we use a goals-based approach and find our personal benchmark.
The remaining two chapters offer advisors practical tools to use with clients. Here, in Chapter 9, we provide an easy-to-understand explanation of Personal Benchmark that advisors and clients may find useful.
Explaining and applying complex investment and behavioral finance concepts or principles is not always easy. Frequently, the art of communicating advice is best done through pictures, graphs and charts, or mathematical proofs. With that in mind, this chapter provides ample charts, graphs, pictures, and descriptions you can use daily. This chapter's content was developed by Brinker Capital's consultants and staff of professionals who help advisors understand and communicate Brinker Capital's investment offerings every day. Let's begin.
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.