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The Real Reasons People Make Bad Investment Decisions, with Finance Professor Meir Statman

Afford Anything

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Redefining Financial Well-Being

This chapter examines the broader concept of well-being, asserting that financial security is vital but not the sole determinant of life satisfaction. It discusses the significance of personal relationships, health, and emotional connections in achieving overall fulfillment, while contrasting human financial advisory with automated solutions. The findings advocate for financial advisors to take a holistic approach, emphasizing the importance of understanding clients' personal circumstances to enhance their financial and emotional well-being.

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