Workshop #2 & 8: Behavioral Portfolio Management

Stocks trade in a behavioral market where the emotional crowd plays a dominant role, allowing data-driven investors to earn superior returns. Advisors are caught in the middle of this dynamic, building portfolios that are at odds with the crowd and, at the same time, working with clients who are part of the crowd. To be successful, you must think behavioral market, while learning how to handle emotional clients. Dr. Howard will examine how investor behavior is largely anecdotal and emotionally driven, how to identify truly active equity mutual funds and understand the important characteristics of individual stock portfolios, and how the behavioral market already is nudging aside modern portfolio theory and the implications of this transition for investment management.