How to Make Smarter Decisions about Money

Enterprising Investor

English - February 17, 2021 11:00 - 35 minutes - 33.1 MB - ★★★★ - 50 ratings
Investing Business News Business News cfa business cfacharter cfainstitute cfalevel1 finance financial investing news Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

Previous Episode: Outlook on Emerging Markets: Trading Fixed Income and FX

Next Episode: Investing in Esoteric Assets

Episode #450 How to Make Smarter Decisions about Money

Paul Sullivan, author of the Wealth Matters column for The New York Times and the Money Game column in GOLF Magazine, discusses why it’s important for financial advisers to discuss money scripts with clients and for families to talk to their children about money. A lifelong golfer, Paul also shares anecdotes from some of the legendary pros, as well as a few things he learned after writing more than 500 columns about money.

Episode Transcript: https://cfainst.is/3u2Dzh3

Topics discussed:
2:00 - Launching Wealth Matters column in the financial crisis
4:13 - Lessons gleaned over 500 columns
5:42 - Paul's; favorite column
7:54 - Why do we have an aversion to talking to kids about money?
11:00 - Strategies for helping people talk about money
13:17 - Money scripts
16:00 - Paul’s writing process and how he keeps finding ideas
18:49 - Flops and mistakes in behavioral finance
21:30 - Richard Thaler and The Thin Green Line
24:54 - Clutch and Tiger Woods
27:58 - Writing for Golf Magazine
30:48 - Paul's favorite golfing character and his favorite golfing story
33:06 - Ray of sunshine question
33:48 - NASA question
34:45 - Flight vs. Invisibility