Would you be surprised to know that two thirds of active stock fund managers underperform their passive benchmark every year? The evidence over the past 50 years has been consistent and overwhelming. So, if the professionals are failing to beat their appropriate passive benchmarks most of the time, why do many individual investors with less training and experience persist in stock picking and market timing that typically yield suboptimal outcomes? It turns out that we have certain, identifiable biases in thinking and decision-making that lead us astray. Behavioral economists have pinpointed the kinds of cognitive biases that affect decision-making in situations of uncertainty. The more we can be aware of these biases, the better we can perform in the real world. Meritt Finer has over 30 years of experience in trading, analyzing and managing stocks, bonds, mutual funds, exchange traded funds, closed end funds and stock and index options for individual investors. Meritt has also taught and tutored college level courses in economics and statistics. While his primary focus in class is financial markets, this fun and interactive class will also explore other intriguing decision-making scenarios, beyond investing decisions.

Bring cash or check for $5 materials fee