CFA Institute Live Webinars Presentation Recorded 23 Aug 2018
Adrenaline, Testosterone, and Equity Investing: The Unholy Trinity
Sound investing principles are no mystery—Benjamin Graham, known as the “father of value investing,” and his tribe practiced and taught these concepts many times over—yet common investing mistakes refuse to go away. What is it that prevents many people from becoming successful investors? Does raw intelligence (IQ) alone matter? Or is it a combination of IQ and emotional intelligence (EQ)? Vikas Khemani, CFA, believes that mental tenacity matters, and that it’s just as important as subject matter expertise in any field, but especially in investing.
When it comes to money, the mind seems to falter in mysterious ways; history has some unambiguous lessons to offer. Over the centuries, human relationships with fear and greed, pattern recognition, the need to conform, and instant gratification have hardly changed. And when it comes to investing, our behaviours manifest themselves strongly and consistently. This webinar will explore the aspects of human psychology that often lead to sub-optimal investment decisions.
Topics covered will include:
- Why fear and greed skew financial decision-making
- How biases impede our thought processes
- How the advent of the internet and social media has exacerbated the gap between knowing and doing
- How to develop sounder investment frameworks
This is the archived version of a live webinar that took place on 23 August 2018.
About the Speaker(s)
Vikas Khemani, CFA, is president and CEO of Edelweiss Securities Ltd. He has over 20 years of experience in capital markets and investment banking and is a member of the Institute of Chartered Accountants, India, the Council of Institutional Investors National Council on Corporate Governance, and the Federation of Indian Chambers of Commerce & Industry Capital Markets Committee.
Shreenivas Kunte, CFA, CIPM, is a director of continuing education and advocacy at CFA Institute. In this role, Mr. Kunte contributes to thought leadership in the investment profession. He writes on investing topics in leading publications and represents CFA Institute at conferences and forums. Mr. Kunte serves as an external research scholar at the Indian Institute of Technology Bombay. Previously, he worked as the country trading strategist for Citi in Tokyo, Japan. He holds a degree in computer engineering from the University of Mumbai.