Peter Lazaroff - The Perfect Portfolio: How to Build an Investment Strategy That Fits Your Behavior, Goals and Life
This week on Standard Deviations with Dr. Daniel Crosby, Dr. Crosby is joined by Peter Lazaroff. Peter Lazaroff, CFA, CFP® is Plancorp’s Chief Investment Officer, a financial advisor, speaker and author of the book Making Money Simple and The Perfect Portfolio. Peter is a regular contributor at the Wall Street Journal and Forbes and he is also the host of The Long Term Investor Podcast.
Tune in to hear:
Why did the writing of Peter’s new book end in his family getting a new puppy?
Why does Peter believe that the perfect portfolio is the one that best suits the particular individual who owns it? Why does he think portfolio construction should be centered around human behavior instead of what is mathematically optimal?
What are some of the most effective guardrails advisors can implement in portfolios to protect against the detrimental effect loss aversion can have on investor behavior?
Why does Peter describe attention itself as an investment risk factor in his new book? Also, what is to be done about this from a practical standpoint?
Does Peter have any thoughts, tips or tricks for getting investors to avoid confirmation bias more often?
Why is our brain so eager to turn our most recent experiences into a forecast about the future and how does Peter handle this with the clients he serves?
If people could make one financial change after reading Peter’s book, what would he hope that change would be?
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