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Category Archives: Financial Planning
Can Money Buy Happiness？
Can Money Buy Happiness？
Continuous disclosure — what do listed companies have to tell the market and when?
Continuous disclosure — what do listed companies have to tell the market and when?
ASX Investment talks with Kevin Lewis, Group Executive and Chief Compliance Officer, ASX
Continuous disclosure, trading halts and speeding tickets. It may seem like another language but it is all about making sure that listed companies release information to the market promptly so that investors have equal access to information. Kevin Lewis of ASX is the person responsible for listed company reporting at ASX. He talks to Tony Featherstone.
Speaker Biography – Kevin Lewis SJD (Harvard), MBA (U Sydney), LLB (Hons)/BJuris (Hons) (UWA)
Group Executive and Chief Compliance Officer, ASX Compliance Pty Limited
Where are all the Billionaires? Why should We Care?: Victor Haghani
Where are all the Billionaires? Why should We Care?: Victor Haghani
Victor Haghani uses the puzzle of the missing billionaires to help us explore how and why most investors fail to capture the returns offered by the market. He puts forward a simple but powerful solution for those who aren’t satisfied with the status quo: it’s called “Active Index Investing.” This approach combines the best features of low-cost index funds with the appealing and successful aspects of active management, all for 1/10th the price that many investors currently pay. (filmed at TEDx St Paul’s School for Boys, London)
Victor Haghani has spent nearly 30 years actively involved in markets and financial innovation. He started his career in 1984 in bond portfolio analysis research at Salomon Brothers, and later became a managing director in the bond arbitrage group run by John Meriwether. In 1993 Victor became a founding partner of Long-Term Capital Management. His participation in the failure of LTCM was a life-changing experience that led him to question and revise much of the way he thought about the economy, markets and investing. Since that time he has been involved in a variety of activities, including research and lecturing at the London School of Economics (his alma mater), where he is a senior research associate in the Financial Markets Group. Through a careful study of the academic literature on investing and many thought-provoking discussions with friends, colleagues, and investors of all backgrounds, Victor concluded that savers can and should do much better. He founded Elm Partners in 2011 to help investors manage their savings in an efficient and disciplined manner, and to capture the long term returns they ought to earn.
Wealth Inequality in America
Wealth Inequality in America
Infographics on the distribution of wealth in America, highlighting both the inequality and the difference between our perception of inequality and the actual numbers. The reality is often not what we think it is.
Keith Chen: Could your language affect your ability to save money?
Keith Chen: Could your language affect your ability to save money?
What can economists learn from linguists? Behavioral economist Keith Chen introduces a fascinating pattern from his research: that languages without a concept for the future — “It rain tomorrow,” instead of “It will rain tomorrow” — correlate strongly with high savings rates.
Keith Chen’s new research suggests that the language you speak may impact the way you think about your future.
WHY YOU SHOULD LISTEN TO HIM?
Does the future look like a different world to you, or more like an extension of the present? In an intriguing piece of research, Keith Chen suggests that your attitude about the future has a strong relationship to the language you speak. In a nutshell, some languages refer to the future using verb helpers like “will” and “shall,” while others don’t have specific verbs to refer to future actions. Chen correlated these two different language types with remarkably different rates of saving for the future (guess who saves more?). He calls this connection the “futurity” of languages. The paper is in the process of being published by the American Economic Review, and it’s already generated discussion. Chen says: “While the data I analyze don’t allow me to completely understand what role language plays in these relationships, they suggest that there is something really remarkable to be explained about the interaction of language and economic decision-making. These correlations are so strong and survive such an aggressive set of controls, that the chances they arise by random lies somewhere between one in 10,000 and one in 10^32.”
Chen excels in asking unusual questions to yield original results. Another recent work (with Yale colleague and TEDGlobal 2009 speaker Laurie Santos) examined how monkeys view economic risk–with surprisingly humanlike irrationality. While a current working paper asks a surprising, if rhetorical, question: Does it make economic sense for a woman to become a physician?
Did Japan Just Spark a Currency War?
Did Japan Just Spark a Currency War?
The American Family Financial Crisis
The American Family Financial Crisis
Some pretty alarming statistics of the American family’s financial reality. Let’s all change this with one step at a time and make sure that you have a process for making smart financial decisions in your life. It’s time to take charge of our finances and reverse this trend.
