“Purgatory is what I’m calling our set of forecasts,” said Ben Inker, GMO’s co-head of asset allocation, at the Morningstar Institutional Conference in Phoenix last week. “We won’t make much for seven years. But then we’ll see a steady rise to heaven.”
Kahneman, co-recipient of a Nobel Prize for his work on behavioral finance and author of the best-seller, 'Thinking Fast and Slow,' spoke with informative grace and humor at the IMCA conference in New York a few weeks ago.
For years, wealth managers have paid little attention to longevity risk or annuities. But times are changing, and even wirehouses like UBS are at least talking the longevity talk.
"When computers and other machines take challenging tasks away from us, we turn into observers rather than actors," writes the author of the acclaimed new book, "The Glass Cage: Automation and Us."
In this continuation of our video of Daniel Kahneman at the Investment Management Consultants Association conference in New York last month, the Nobel Prize winner explains why expertise is possible only in regular environments.
What yesterday was called “robo-advice,” and which today some are calling the “digital advisory channel,” seems to have passed a tipping point.
More than half of high-net-worth investors have direct or online trading account balances between $500,000 and $1 million, according to the Boston-based research organization.