Bullshift: How Optimism Bias Threatens Your Finances - Couverture souple

De Goey, John J.

Couverture souple

ISBN 10 : 145975090X ISBN 13 : 9781459750906

Editeur : Dundurn Group Ltd, 2023

Synopsis

People are unwittingly taking risks with their investments by entrusting them to advisers who are biased but don't know it.

Does your financial adviser tell you to hold on and never sell? That markets recover in the long run? Does your adviser seem to always have an optimistic disposition? Do they tell you not to worry, no matter what is going on in the outside world?

In Bullshift, John J. De Goey explores the hidden relationship between bias and financial markets. He makes clear that investors and financial advisers are not the rational decision makers that economic theory assumes them to be, and that "tried and true" investment advice is not always sound. De Goey shows that advisers are immersed in a culture of Bullshift -- they simply don't realize how their positive outlook on markets is based on industry-wide groupthink.

Unfortunately, this problem affects much more than just your own investment portfolio. After three years of an international pandemic, the full economic impact of the response to it still hasn't been felt. 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 us toward a cliff for the global economy.

De Goey helps readers understand the subtle but profound challenges of industry bias, with optimism bias as a particularly vexing issue. The next downturn may be deeper than anything you or your adviser has ever experienced. True optimism comes from a shift to unbiased realism.

A propos du livre

À propos de l'auteur

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, a 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. He lives in Toronto.

Détails de l'édition

• Éditeur: Dundurn Group Ltd
• Date d'édition: 2023
• Langue: anglais
• ISBN 10: 145975090X
• ISBN 13: 9781459750906
• Reliure: Broché
• Nombre de pages: 224
• Coordonnées du fabricant: non disponible
• Personne responsable: non disponible