Friday 24th May, 2013
10:35am to 10:55am
"Behavioural Finance: from biases to bubbles" investigates the psychology of investors, both individually and as part of a crowd, offering a historical perspective on how markets can become inefficient or distorted, sometimes leading to booms and busts. Indeed, human biases can affect a range of variables, relating to judgment, conviction, implementation and investment styles. This talk shows how an understanding of behavioural finance can help investors guard against mistakes, using market examples from the past alongside current illustrations from everyday life. As a member of The Magic Circle, Paul also demonstrates a number of key points about the human mind with some interactive psychological experiments.
Managing Director; Head of UK Institutional Business; Goldman Sachs
Paul is head of the United Kingdom and Irish Institutional Business. He joined Goldman Sachs Asset Management in 2007 as a managing director. Prior to joining the ﬁrm, Paul worked at PIMCO Europe Limited for four years, where he was head of UK Business Development. Previously, he spent seventeen years at Schroders as a portfolio manager and latterly as head of UK Institutional Sales. Paul has an MA (Hons) in History from St. John's College, Cambridge University and is a member of the CFA Institute, the UK Society of Investment Professionals and the Magic Circle.
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