CPWM will be hosting a virtual event with Dimensional Fund Advisors (DFA) discussing the implications of investor behavior on Tuesday, November 17th at 2:00pm. The presentation will be led by DFA’s Christian Newton and will explore the foundations of behavioral psychology, including common cognitive biases, and why behavioral finance and market efficiency can be compatible notions.
If you are interested in learning more about behavioral biases, we would recommend the below books and/or articles:
- Daniel Kahneman, Thinking, Fast and Slow (Farrar, Straus and Giroux, 2011)
- Jason Zweig, Your Money @ Your Brain (Simon & Schuster, 2007)
- Justin Fox, The Myth of the Rational Market: Wall Street’s Impossible Quest for Predictable Markets (Collins, 2009)
- The “Cramer Effect”
- David Booth’s philosophy