In this episode of the Personal Finance CEO Podcast, host Steve Boorstein is joined by Richard Lehman, adjunct finance professor and author, to delve into the world of behavioral finance. They discuss the importance of understanding investor behavior for long-term success, revealing why emotions often lead to poor financial decisions. Lehman emphasizes the benefits of using financial advisors, the impact of behavioral finance across various personal finance areas, and introduces his new venture, Climate Economics, highlighting the financial implications of climate change. Tune in to discover how recognizing and managing behavioral patterns can enhance investment performance and personal financial decisions.
00:00 Introduction to Decision-Making in Investments
01:13 Welcome and Guest Introduction
01:42 Understanding Behavioral Finance
02:13 Historical Context and Evolution of Behavioral Finance
03:42 Emotions and Decision-Making
06:41 Practical Implications for Investors
11:41 Advisors vs. Individual Investors
16:06 Behavioral Finance Tools and Techniques
30:56 Climate Economics and Future Ventures
43:54 Conclusion and Contact Information
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IMPORTANT, PLEASE READ! Yes we are financial planners, but unless you are our client, we are not YOUR financial planner! The information presented in this podcast is intended for informational and educational purposes only and does not purport to be investment advice or an offer of investment advice, an offer to buy or sell any security or a recommendation of any investment strategy or course of action. Any graphs, charts, or calculations used are for illustrative purposes only. RockCrest is a state registered investment adviser in New Jersey and Pennsylvania, principally located in Somers Point, NJ. Registration does not imply a certain level of skill or training. Opinions of hosts and guests on this podcast do not necessarily reflect the opinions of RockCrest Financial LLC, and are independent of RockCrest's opinions and practices. Investments discussed are not a recommendation or solicitation to purchase any securities mentioned. Check out our full disclosures at: https://rockcrestfinancial.com
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