| Vendor | |
|---|---|
|
Fritz Agency
Christian Dittus |
| Original language | |
| English | |
BULLSHIFT
How Optimism Bias Threatens Your Finances
People are unwittingly taking risks with their investments by entrusting them to advisors who are biased but don't know it.
Does your financial advisor tell you to hold on and never sell? That markets recover in the long run? Does your advisor have an optimistic disposition? Do they tell you not to worry, no matter what is going on in the outside world?
In Bullshift, seasoned investment advisor John J. De Goey explores the hidden relationship between bias and financial markets. He makes clear that investors and financial advisors are not the rational decision makers that economic theory assumes them to be, and that tried and true investment advice is not always sound. He shows that advisors are immersed in a culture of bullshift they simply don't realize how their positive outlook on markets is based on industry-wide groupthink.
After three years of an international pandemic, there's more pain coming, but the financial industry's eternal optimism, abetted by government policies designed to consistently encourage growth and avoid tough choices, is walking the global economy toward a cliff.
De Goey helps you prepare for the world after the reckoning in financial markets. The next downturn will likely be deeper than anything you or your advisor has ever experienced.
John J. De Goey is an author, senior investment advisor, and portfolio manager at Wellington-Altus Private Wealth. With over twenty-five years of industry experience, he is a sought-after commentator, frequent BNN guest, and a recognized industry thought leader. His articles have appeared in the Globe and Mail, the National Post, Canadian MoneySaver, and numerous industry magazines.
Does your financial advisor tell you to hold on and never sell? That markets recover in the long run? Does your advisor have an optimistic disposition? Do they tell you not to worry, no matter what is going on in the outside world?
In Bullshift, seasoned investment advisor John J. De Goey explores the hidden relationship between bias and financial markets. He makes clear that investors and financial advisors are not the rational decision makers that economic theory assumes them to be, and that tried and true investment advice is not always sound. He shows that advisors are immersed in a culture of bullshift they simply don't realize how their positive outlook on markets is based on industry-wide groupthink.
After three years of an international pandemic, there's more pain coming, but the financial industry's eternal optimism, abetted by government policies designed to consistently encourage growth and avoid tough choices, is walking the global economy toward a cliff.
De Goey helps you prepare for the world after the reckoning in financial markets. The next downturn will likely be deeper than anything you or your advisor has ever experienced.
John J. De Goey is an author, senior investment advisor, and portfolio manager at Wellington-Altus Private Wealth. With over twenty-five years of industry experience, he is a sought-after commentator, frequent BNN guest, and a recognized industry thought leader. His articles have appeared in the Globe and Mail, the National Post, Canadian MoneySaver, and numerous industry magazines.
| Available products |
|---|
|
Book
Published 2023-01-01 by Dundurn |