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


Program Session(s):
November 14, 2013 - November 15, 2013

Application Deadline(s):
September 14, 2013

Program Fee:$4,300

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

In cooperation with CFA Institute, Harvard Kennedy School Executive Education is pleased to offer a 10% discount on Investment Decisions and Behavioral Finance tuition to CFA members. Click here for more information in regard to how to apply for this discount at the time of registration.

In cooperation supporting CAIA, Harvard Kennedy School Executive Education is pleased to offer a 10% discount on Investment Decisions and Behavioral Finance tuition to CAIA members.  Click here for more information in regard to how to apply for this discount at the time of registration.

Faculty Chair(s): Richard Zechauser and Arnie Wood

OVERVIEW

Led by a faculty of renowned experts and leading practitioners, Investment Decisions and Behavioral Finance presents a revolutionary science for investment decision making— behavioral finance. Participants learn the central principles and latest findings of the psychology of decision making under conditions of risk and uncertainty, with attention to practical applications for those responsible for managing assets and constructing portfolios for investment clients.

This year, the intensive 2-day course will be led by Harvard Faculty Chair Richard Zeckhauser and feature sessions from leading behavioral finance professionals and academics including:

  • Andrew Lo, Harris & Harris Group Professor Finance, MIT Sloan School of Management
  • Michael Mauboussin, Chief Investment Strategist at Legg Mason Capital Management
  • Max Bazerman, Jesse Isidor Straus Professor of Business Administration, Harvard Business School
  • Andrew Ang, Ann F. Kaplan Professor of Business, Columbia Business School and Chair of the Finance and Economics Division
  • David Laibson, Robert I. Goldman Professor of Economics, Harvard University
  • Arnold Wood, Founding Partner, President and Chief Executive Officer, and the Chair of its Management Committee of Martingale Asset Management
In addition to classroom sessions, participants in this program will have the invaluable opportunity to network with their peers and renowned leaders during breaks and meals. The 2012 featured meal-time speakers include:

Larry Summers
A leading economist, Larry Summers is President Emeritus of Harvard University. During the past two decades he has served in a series of senior policy positions, including Vice President of development economics and chief economist of the World Bank, Undersecretary of the Treasury for International Affairs, Director of the National Economic Council for the Obama Administration from 2009 to 2011, and Secretary of the Treasury of the United States, from 1999 to 2001.

Jim Grant

Renowned financial journalist and historian, Jim Grant is the founder of Grant's Interest Rate Observer, a twice-monthly journal of the financial markets and author of five books on finance and financial history. Mr. Grant, a former Navy gunner's mate, is a Phi Beta Kappa alumnus of Indiana University. He earned a master's degree in international relations from Columbia University and began his career in journalism in 1972, at the Baltimore Sun. He joined the staff of Barron’s in 1975 where he originated the Current Yield column.

David Salem
David A. Salem is the Managing Partner and Chief Investment Officer for Windhorse Capital Management. Prior to assuming his current post in September 2010, David served for 18 years as founding president of The Investment Fund for Foundations (TIFF), a nonprofit investment cooperative. David received a JD cum laude from Harvard Law School in 1983 and an MBA with high distinction (also in 1983) from Harvard Business School, where he was elected a Baker Scholar.  He has held adjunct faculty positions at Middlebury College and the University of Virginia, and served in the White House Counsel’s office while enrolled at Harvard.  David has contributed essays to monographs published by the CFA Institute, the National Association of College and University Business Officers, and other professional societies and has an active speaking schedule including talks hosted by Columbia, Dartmouth, Harvard, Northwestern, UPenn, and Oxford. In November 2003, the Wall Street Journal named David one of the 30 most influential people in investing over the past 12 months.




 


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