By Jason Zweig | March 20, 2010
Image credit: William Hogarth, “The Laughing Audience,” etching, 1733, National Gallery of Art
In this 16-minute video with Gregory Seals for the CFA Institute, I talk about the loss of trust and the difficult work of restoring it; the pseudo-scientific farce of risk-tolerance questionnaires; and why so many professional investors use behavioral finance as the wrong kind of tool.
Click here to watch the video.
￼Source: CFA Institute, “Take 15” series
For further reading:
Definitions of BEHAVIORAL ECONOMICS, IRRATIONAL, RISK, SMART MONEY in The Devil’s Financial Dictionary