This week on the podcast, Wes is joined once again by David Sax to discuss his latest book, "The Future Is Analog", which was released today. In this episode, Wes and David explore how the digital future we’ve been promised for so long fell flat when the pandemic hit, and what implications that has for how we structure our lives going forward. You won't want to miss it!
Many thanks to Sarah Fallaw, Ph.D. for sitting down to discuss her research and ongoing work on the behaviors that lead to wealth creation. Sarah is basically royalty in the wealth management and financial planning world, so this was truly a privilege. Enjoy!
US-based investors may believe they know America best. Accordingly, they are liable to put the bulk of their investments in stocks and bonds of US-based companies and in US federal and municipal fixed income securities. Given the size and relative safety of this market, that may seem a sound approach. Yet this strategy has some holes. “Home bias”1 can limit your investment opportunities and constrain your ability to benefit from diversification.
In this episode, Wes and Nick discuss topics like stewardship and materialism, how our mortality can and should impact how we live our lives and by extension, manage our resources, and the moral perils and challenges that arise as we accumulate wealth.
Around the world, individuals are being asked to take on greater responsibility for their own retirement. In the US, for example, a combination of limited Social Security funding and a reduction in the number of defined benefit (DB) employer plans—historically, the primary retirement savings vehicle for many—is causing investors to make decisions they have never had to face about how to save for retirement.
In this episode, Wes and David discuss topics such as the risk of not thinking critically before adopting the latest technology, the difference between innovation and invention, and the role of empathy and connection in decision-making.
This article will help your clients understand modern portfolio theory and behavioral theory, and how this can help them understand their own investing styles better.