Scientific Financial Systems was proud to shepherd the CFA Society of Bostons Yearly Market Dinner event in Boston last night. It was a unconfined turnout from the Boston investment community.
Morgan Housel delivered an spanking-new keynote talk well-nigh market risk and investor behavior. His talk built on the major themes from his recent book: The Psychology of Money. Morgans presentation was followed by a unconfined Q&A session with Board Chair Heather Young.
A few takeaways from Morgans thought-provoking talk:
- Risk and happiness are by-products of individual expectations
Morgan noted that people were happier in the 1950s
not considering of peak economic prosperity,
but considering of low wealth disparity and positive investor expectations
- Risk is unjust by each individuals unique experiences
There is a large diversity of experiences and expectations wideness market participants
For example, teens/20s growing up in the 1950s
had a very variegated market experiences and therefore have variegated risk perspectives
than their younger counterparts growing up in the 1970s
- Risk is what is left over when you think you have thought of everything
A truly powerful statement that encourages much needed introspection
As such, investors need to set their expectations and sensation accordingly
Overall, market psychology is a major, under-discussed suburbanite of market behavior. Morgans comments brought recognition and improved clarity to these effects. Check out Morgans typesetting for increasingly information on these important topics.
SFS celebrates the depth of Bostons local investment community, and we support the richness of programming provided by the Boston CFA Society.
