FFB Practical Tips, Part 1: Why Good Investors Make Mistakes
Why do even good investors frequently make mistakes? Why do they act against their own interests? And what, specifically, can you, as an adviser, do when faced with such investment decisions? The answer lies in neurobiology and – if used skilfully – can have a positive impact on your day-to-day advisory work.
In the FFB Practical Tips, Nikolas Kreuz offers three specific tips for discussions with your clients – and explains how you can use behavioural economics to respond to typical, often emotional client behaviour.
(For institutional investors only)