Brian Portnoy

Brian Portnoy, Director of Investment Education at Virtus Investment Partners, simplifies the world of finance for better decision-making. He explores his journey from academia to hedge funds, reflecting on collaboration and integrity amid market chaos. The discussion contrasts institutional investing with wealth management, highlighting the need for clear communication. Portnoy introduces 'funded contentment' to redefine wealth versus richness and emphasizes the importance of financial education. Plus, insights on luck in investing and his love for reading and board games add a personal touch.

Join us as we present a compilation of segments on expected returns and the dynamics that shape investment outcomes. We deep dive into the world of financial predictions and gain a comprehensive understanding of how expected returns influence your financial decision-making. We also go back to the episode with Dr. Brian Portnoy where we delved into his book, The Geometry of Wealth. Lastly, joining our conversation is our colleague Matt Gour who discusses The Power of Moments by Chip and Dan Heath. We discuss how extraordinary moments have the power to shape our lives and the pivotal importance of crafting unforgettable experiences. Tune in now!   Key Points From This Episode:   What Pressor Fama had to say about expected returns. (0:03:35) Looking at returns through a historical lens with Professor Goetzmann. (0:08:23) Professor Cederburg explains the usefulness of historical data. (0:11:38) Hear Professor Cochrane’s perspective on expected returns. (0:15:19) Professor Cornell shares his contrasting view on historical returns. (0:23:41) We recap our discussion with Professor French about uncertainty. (0:34:23) Breaking down the conventional viewpoint of uncertainty with Professor Pastor. (0:38:34) A brief overview of our approach to estimating expected returns. (0:44:03) Highlights from our conversation with Dr. Brian Portnoy about his book. (0:47:56) Matt Gour joins us for our weekly book review of The Power of Moments. (0:51:15) He shares an impactful moment from his childhood. (0:54:04) We unpack a main takeaway from the book: the peak-end rule. (0:56:23) The four elements needed to create a defining moment. (0:57:51) Learn about the different types of defining moments. (1:01:02) How to be deliberate about creating powerful moments. (1:01:02) Main takeaways from the book. (1:04:55) The aftershow, planned meetups, upcoming projects, and more. (1:07:15)   Participate in our Community Discussion about this Episode: https://community.rationalreminder.ca/t/episode-259-comprehensive-overview-estimating-expected-returns-discussion-thread/24077 Book From Today’s Episode: The Geometry of Wealth: How to shape a life of money and meaning — https://amzn.to/46qpjl5 The Power of Moments: Why Certain Experiences Have Extraordinary Impact — https://amzn.to/3pmYJJb Links From Today’s Episode: Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582.  Rational Reminder Website — https://rationalreminder.ca/  Shop Merch — https://shop.rationalreminder.ca/ Join the Community — https://community.rationalreminder.ca/ Follow us on Twitter — https://twitter.com/RationalRemind Follow us on Instagram — @rationalreminder Nick Maggiulli on Instagram — https://instagram.com/nickmaggiulli Benjamin on Twitter — https://twitter.com/benjaminwfelix Cameron on Twitter — https://twitter.com/CameronPassmore 'Financial Planning Assumptions for Market-Cap Weighted and Factor Tilted Portfolios – Methodology Guide' — https://www.pwlcapital.com/resources/financial-planning-assumptions-for-market-cap-weighted-and-factor-tilted-portfolios-methodology-guide/  Episode 38: Feelings in the Decision Making Process — https://rationalreminder.ca/podcast/38 Episode 92: Dr. Moira Somers and Dave Goetsch — https://rationalreminder.ca/podcast/92 Episode 100: Professor Kenneth French — https://rationalreminder.ca/podcast/100 Episode 102: Dr. Brian Portnoy — https://rationalreminder.ca/podcast/102 Episode 124: Professor Lubos Pastor — https://rationalreminder.ca/podcast/124 Episode 151: Professor Brad Cornell — https://rationalreminder.ca/podcast/151 Episode 169: Professor John Cochrane — https://rationalreminder.ca/podcast/169 Episode 189: Regret (and How to Read More w/ Neil Pasricha) — https://rationalreminder.ca/podcast/189 Episode 200: Professor Eugene Fama — https://rationalreminder.ca/podcast/200 Episode 224: Professor Scott Cederburg — https://rationalreminder.ca/podcast/224 Episode 248: Professor William Goetzmann — https://rationalreminder.ca/podcast/248

Brian Portnoy, author of 'The Geometry of Wealth' and former hedge fund executive, joins to tackle the age-old question: can money buy happiness? They discuss how wealth impacts happiness and the critical threshold where money becomes beneficial. Portnoy highlights the importance of spending on meaningful experiences rather than mere accumulation. The conversation also delves into the emotional challenges of envy and the need for clear financial goals, ultimately urging listeners to make purposeful financial decisions for true fulfillment.

Brian Portnoy, a seasoned investment professional and author of 'The Geometry of Wealth,' joins to unpack the complex relationship between money and happiness. They tackle whether wealth truly enhances satisfaction or offers diminishing returns. Portnoy discusses how spending on experiences and fostering relationships can lead to greater fulfillment. He also addresses the emotional pitfalls of envy and greed in financial success, advocating for individualized financial goals that align with personal happiness.

Brian Portnoy, author of 'The Geometry of Wealth' and 'The Investors Paradox,' explains why investing is difficult due to our evolutionary instincts. The podcast explores the challenges of investing, the power of stories and herding, and the role of emotions in decision-making. It emphasizes reframing investing and being aware of emotions for financial success.

Brian Portnoy, a leading expert on the psychology of money, discusses the emotional and psychological aspects of money, the concept of funded contentment, and the four Cs (connection, control, competence, and context) that contribute to a sense of contentment and fulfillment. The conversation explores how experiences have a longer-lasting impact on happiness than possessions and emphasizes aligning investments with personal values for wealth growth and a meaningful life.

In this engaging discussion, Brian Portnoy, co-founder of Shaping Wealth and author on behavioral finance, shares insights on the evolving field of financial planning. He introduces 'behavioral finance 2.0,' highlighting the need for advisors to embrace clients' humanity. They explore concepts of identity, reflective happiness versus life satisfaction, and the importance of emotional intelligence in client interactions. The episode also presents Lydia, an innovative AI tool designed to enhance empathetic communication in financial advising, fostering deeper connections and meaningful dialogue.

Join Ed Clissold, Chief U.S. Strategist at Ned Davis Research, and Brian Portnoy, finance founder and behavioral expert, as they delve into the emotional currents influencing financial decisions. They discuss how market sentiment shapes investor behavior and the necessity of emotional intelligence in financial advising. Learn about the power of storytelling in engaging clients and the importance of financial literacy for younger generations. Plus, gain insights into current economic trends and the vital role of data in navigating complex financial landscapes.

Author Brian Portnoy joins Barry Ritholtz to explore the relationship between money and happiness. They discuss the impact of money on day-to-day mood, the influence of status and tribal instincts on our perception of wealth, and the effects of envy and greed on financial well-being and investing. They also emphasize the importance of setting clear investment goals and the correlation between money and happiness.

Brian Portnoy, Director of Investment Education at Virtus Investment Partners, shares his worst investment ever story involving US financials during the market downturn in Q4 of 2008. He emphasizes the importance of due diligence and assessments in investment decisions, highlighting the risks of concentrated bets and the value of learning from mistakes in the financial industry.