Simplification is not always in your clients’ best interest

Rudi Minbatiwala | Colonial First State Global Asset Management | 20 Feb 2019 | 0.50 CE

We are wired to simplify the complex world around us. Financial concepts and products can be complex, made more so by the large number of investment products available making different claims. The risk is that we simplify too much and behavioural biases such as mental accounting, anchoring and herding become determining factors in investment decisions. When we attempt to r...

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