Tom Howard, CEO and Director of Research at Athena Invest will give a presentation on Behavioral Portfolio Management.
Behavioral Portfolio Management (BPM) is the next step in a developing paradigm shift from Modern Portfolio Theory to Behavioral Finance. Measureable and persistent behavioral factors are emerging as a new source of information with the potential to transform how we think about portfolio management and dramatically improve portfolio performance.
BPM goes beyond the issues of cognitive errors made by investors and how professionals can help clients avoid them, to focusing on how to harness price distortions, driven by emotional crowds, for creating superior portfolios. Once markets and investing are viewed through the lens of behavior, investable opportunities become readily apparent.