by Richard Lehman | Sep 12, 2018 | UpClose |
For financial advisors, understanding core financial concepts such as variance, portfolio volatility, and systematic risk are one thing. Reckoning with their psychological effects on clients is another. Investment professionals are, of course,...
by Richard Lehman | Jul 11, 2018 | UpClose |
While there is no way to eliminate all market risk, an actively managed portfolio with an emphasis on risk management may produce less stress than a passive portfolio for both advisors and their clients. In my 35-year career in and around Wall Street, I...
by Richard Lehman | Feb 28, 2018 | UpClose |
It can be argued that the academic community and day-to-day practitioners in the advisory world have yet to discover a truly effective and scientific way to evaluate client risk profiles. Breakthroughs in the science of risk assessment will ultimately...
by Richard Lehman | Jan 3, 2018 | UpClose |
Most investors do not behave in ways that are consistent with the theoretical benefits of long-term passive investing. They will likely be better served by an actively managed approach. The fact that we are still debating the merits of active versus...
by Richard Lehman | Oct 4, 2017 | UpClose |
As the advisory profession moves further into goals-based wealth management, advisors should prepare themselves for more frequent forays into behavioral psychology and human social behavior. For nearly half a century, financial-planning and...
by Richard Lehman | Aug 2, 2017 | UpClose |
While technical analysis has its roots in practices thousands of years old, advances in technology, behavioral psychology, and artificial intelligence will lead the next transformation of the discipline. Origins of technical analysis Technical analysis...
