Behavioral Finance Strategies to Overcome Financial Mistakes: Interview with Rick Lehman

In this episode of the Personal Finance CEO Podcast, host Steve Boorstein is joined by Richard Lehman, adjunct finance professor and author, to delve into the world of behavioral finance. They discuss the importance of understanding investor behavior for long-term success, revealing why emotions often lead to poor financial decisions. Lehman emphasizes the benefits of using financial advisors, the impact of behavioral finance across various personal finance areas, and introduces his new venture, Climate Economics, highlighting the financial implications of climate change. Tune in to discover how recognizing and managing behavioral patterns can enhance investment performance and personal financial decisions.

00:00 Introduction to Decision-Making in Investments

01:13 Welcome and Guest Introduction

01:42 Understanding Behavioral Finance

02:13 Historical Context and Evolution of Behavioral Finance

03:42 Emotions and Decision-Making

06:41 Practical Implications for Investors

11:41 Advisors vs. Individual Investors

16:06 Behavioral Finance Tools and Techniques

30:56 Climate Economics and Future Ventures

43:54 Conclusion and Contact Information

 

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