Sound investing principles are no mystery—Benjamin Graham, known as the “father of value investing,” and his tribe practiced and taught these concepts many times over—yet common investing mistakes refuse to go away. What is it that prevents many people from becoming successful investors? Does raw intelligence (IQ) alone matter? Or is it a combination of IQ and emotional intelligence (EQ)? Vikas Khemani, CFA, believes that mental tenacity matters, and that it’s just as important as subject matter expertise in any field, but especially in investing.
When it comes to money, the mind seems to falter in mysterious ways; history has some unambiguous lessons to offer. Over the centuries, human relationships with fear and greed, pattern recognition, the need to conform, and instant gratification have hardly changed. And when it comes to investing, our behaviours manifest themselves strongly and consistently. This webinar will explore the aspects of human psychology that often lead to sub-optimal investment decisions.
Topics covered will include:
- Why fear and greed skew financial decision-making
- How biases impede our thought processes
- How the advent of the internet and social media has exacerbated the gap between knowing and doing
- How to develop sounder investment frameworks
This is the archived version of a live webinar that took place on 23 August 2018.