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,...
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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