Psychology of Money: Investing Wisdom from Buffet, Munger and Other Value Investors
April 17, 2021
9:00 am - 12:00 pm
Early Eagle Rate:
April 05, 2021
“The discipline which is most important in investing is not accounting or economics, but psychology” Howard Marks
“I came to the psychology of human judgment almost against my will; I rejected it until I realized that my attitude was costing me a lot of money” Charlie Munger
“Be greedy when others are fearful, be fearful when others are greedy” -Warren Buffett
Why do smart people often make dumb mistakes in investing? Why do sometimes less knowledgeable people through the application of a consistent and disciplined approach outsmart the most knowledgeable investors?
In this three-hour webinar, value investing practitioner/ professor will discuss why psychology is one of the most important elements of a sound investment strategy. Drawing on decades of lessons from the greatest investors of our time – John Templeton, Warren Buffett, Charlie Munger, Peter Lynch, etc., the speaker will discuss why it is important to understand the psychology of money and investing. What is the reason why investors tend to underperform investments? Why not having a clear investment philosophy is dangerous and what can you do about it? How do you overcome the psychological and behavioral biases that is stopping investors from making rational choices? At the end of the session, the speaker will provide actionable insights and help participants come up with detailed action plan to become a better investor.
Who should attend
- Beginning and Intermediate Investors
- Finance Professionals
- Students of Finance and Business
- Asset Managers
At the end of this session, the participant will be able to:
- Understand why mastery of the psychology of money separates great investors from mediocre ones;
- Determine behavioral and psychological biases that leads to poor investing decisions and mistakes;
- Articulate lessons on psychology of money learned from the greatest investors of our time such as Warren Buffett, Peter Lynch, Howard Marks and Ray Dalio;
- Define one’s personal investment philosophy and money blueprint;
- Create, develop and execute an investment plan that incorporates psychology; and
- Understand and apply the psychology of influence in investing context.
I. Why You Will Likely Underperform in Investing?
II. The Myth of the Rational Investor
III. Rational Is Not Equal to Right, Right Is Not Equal to Rational
IV. Behavioral Biases in Investing
V. Charlie Munger’s Psychology of Human Misjudgment
VI. Overcoming Behavioral Biases
VII. Mr. Market Psychology and Cycles
VIII. Putting It Together: Lessons from Buffett and Munger
Mr. Philip Te is the author of a two-volume book on Bank Risk Management published by Oxford University Press and Asian Institute of Chartered Bankers.
He is currently a Director for Financial Markets for a global wholesale bank based in Singapore. Prior to this, he was a Vice President under financial markets in Singapore. He was previously head of Structured Products and Financial Engineering Department of a local commercial bank and a Senior Associate at the Ernst and Young Financial Services Risk Management and Quantitative Advisory Services group.
He is the Program Director for the Quantitative Finance and Risk Management Series at the Ateneo Graduate School of Business - Center for Continuing Education. He has lectured extensively on financial risk management, Basel III, derivatives, IAS 39/IFRS 9, option pricing, corporate treasury management and strategic issues in hedging. He is the author of Bank Risk Management Primer, published by the Bankers’ Association of the Philippines.
He is a Chartered Financial Analyst (CFA), Financial Risk Manager (FRM), Energy Risk Professional (ERP) and Certified Public Accountant (CPA).