Investment Decisions and Behavioral Finance: Identifying and Capitalizing on Irrational Investment Practices

Nov 13, 08 - Nov 14, 08

$3,950

Program fee includes: Luncheons, coffee, reception, dinner, and all program materials. It does not include hotel accommodations.

Overview

We are pleased to welcome Stuart Porter, Founder and Managing Partner of Denham Capital Management, as the 2008 dinner speaker.

Investment Decisions and Behavioral Finance is approved by the CFA Institute and the CFP Board of Standards for 15 credits.

“An exceptional overview of cutting edge concepts in behavioral finance. Key material to round out every investor's tool kit”
- Daniel Moore, Senior Analyst, Aquamarine Capital Management

Behavioral finance turns the conventional wisdom about investment decisions on its head. This revolutionary new science illuminates the significant role that biases, emotions, irrationality, and cognitive errors play in investment decision-making.

Led by a faculty of renowned experts, Investment Decisions and Behavioral Finance presents a revolutionary new science for investment decision-making – behavioral finance. Participants will learn the central principles and latest findings of the psychology of decision-making under conditions of risk and uncertainty. This will enable them to better understand what investors actually do in a given set of circumstances versus what rational analysis prescribes. Equally important, it will explain how markets respond given the natural proclivities of investors. The class focuses on how successful investors have capitalized on behavioral finance approaches, providing fundamentals so that participants can develop their own strategy.

Some topics covered in prior sessions include:

Understanding the new applied science of effective decision-making.
Using the bad choices of others to maximize your own gains.
Learning the erroneous assumptions that serve as the basis for many standard financial practices are based.
Recognizing and correcting the common earnings manipulation strategies of corporate managers.
Seeing how other decision-makers and companies have implemented behavioral finance approaches – and how to develop an implementation strategy best suited to your interests and capabilities.
Managing the behavioral decision propensities of your clients.
Using smart money strategies for reaping maximum benefit from overreaction and underreaction in financial markets.
Identifying two common behavioral tendencies that explain the “equity premium puzzle.”
Realizing why providing more frequent information may lead to counterproductive financial decisions.

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