Copy
BOURBON FINANCIAL MANAGEMENT
Patrick Bourbon
Best of BFM
 
We've carefully assembled practical tips you can use to help you make better, more informed decisions.

DISCOVER THE BEST OF BFM NEWSLETTERS NOW
 
Did you know that your vision can literally "trick" you? Did you know that human attention is limited and that we can't analyze all the information we receive?
Financial Tips
Learn More
 
 

 

Many of you know that I like behavioral economics. Here is a short video (with Dan Ariely from Duke University) which explains what it is.  http://www.youtube.com/watch?v=Fa-mIosWOK8

If you want to learn more about behavioral finance and the role of Psychology, here is a long and popular video (viewed 80,000 times!) of a class of Robert Shiller, Professor of Economics at Yale University.

http://www.youtube.com/watch?v=0ZLNbxWH8Lc

 

 This video shows:

-The stock market and the random walk looks the same

-Some charts of the stock market since 1870, including some comments about the great depression

-Human behavior and the role of overconfidence (for men and women) with some experiments

-Prospect/Utility Theory-How people make choices…
 

 

 

 

 



We would welcome the opportunity to know you better, introduce ourselves, share with you the work we do for our clients, and position ourselves as a useful resource for you. A consultation would be a wise first step toward achieving your vision.

 

Getting to know you, your needs and motivations, is as important as you evaluating our capabilities to help you meet your financial goals. We do not charge a fee for our initial consultation during which we review your portfolio, and discuss your goals and objectives.

 
“ Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally.”
— John Maynard Keynes, The General Theory of Employment, Interest and Money, 1936
Follow on Twitter    Follow on LinkedIn  


Thanks to the 500+ of you who have read the Best of BFM Newsletter (click here), which summarizes the newsletters you enjoyed in 2010-2011. By now, you should have uncovered that financial decisions are not only driven by rationality but they are also influenced by emotions. You also found out that your vision can literally "trick" you whenever it can (click here)!



Has BFM Helped You Yet? Click Here for Your Personal Guide to Financial Peace of Mind

 
Copyright © 2013 Bourbon Financial Management, LLC.  
All Rights Reserved.

Bourbon Financial Management, LLC
616 W. Fulton St. Suite 411
Chicago, IL 60661
(+1) 312 909 6539 - patrick@bourbonfm.com
Visit Our Website
 unsubscribe from this list | update subscription preferences 


This Newsletter is not advice.  Pursuant to the rules of professional conduct set forth in Circular 230, nothing contained in this communication was intended or written to be used by any taxpayer for the purpose of avoiding penalties that may be imposed on the taxpayer by the Internal Revenue Service, and it cannot be used by any taxpayer for such purpose. This newsletter may be an advertisement pursuant to federal law. 
Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided “as is,” with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, and fitness for a particular purpose.