Chapter 10 of Behavioral Finance and Investor Types by Michael M. Pompian introduces the Independent. If the Follower from the last chapter was the passenger, the Independent is the person who insists on driving. And reading the map. And ignoring the GPS because they “know a shortcut.”
In Part 1 we covered what brokers do, different broker types, and how they make money. Now we get to the uncomfortable part: what happens when your broker does not have your best interests in mind.
This is a retelling of Chapter 6 (Part 1) from “Trading the Fixed Income, Inflation and Credit Markets: A Relative Value Guide” by Neil C. Schofield and Troy Bowler (Wiley, 2011, ISBN: 978-0-470-74229-7).
This is the darkest chapter in Atlas Shrugged. If the rest of the book is about what happens when creators withdraw from the world, “Anti-Life” is about what the people left behind actually want. And the answer is worse than you’d expect.
Chapter 12 is the final chapter and it is where everything comes together. After all the sourcing, screening, interviewing, number crunching, operational checks, risk reviews, and reference calls, Travers shows us how to take all that work and turn it into a single, structured decision.
When we get sick, we go to a doctor. When something breaks, we call a professional. So when it comes to investing, we hand our money to financial experts. Makes sense, right?
Here’s the uncomfortable truth about social change: most people who say they want it are also getting something out of keeping things the way they are.
Book: Financial Markets and Institutions, 11th Edition Author: Jeff Madura Publisher: Cengage Learning, 2015 ISBN: 978-1-133-94788-2
Chapter 9 is the one where everything comes together. Madura covers how mortgage markets work, the different types of mortgages, how they get packaged into securities, and how the whole system collapsed in 2008. If you want to understand the credit crisis, this is the chapter to read.
Chapter 7 of “Behavioral Finance for Private Banking” is about structured products. If you’ve never heard of them, don’t worry. Most people haven’t. But by the end of 2007, there were more than 340 billion Swiss francs invested in them in Switzerland alone. That’s 6.5% of all assets under management. Over 20,000 different structured products listed on the Swiss stock exchange.
Book: Real Estate by the Numbers | Authors: J Scott and Dave Meyer | Chapters: 12-13
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