Our guest in the podcast today is Meir Statman, the Glenn Klimek Professor of Finance at Santa Clara University and a specialist in behavioral finance. Meir's research focuses on how investors and managers make financial decisions and how these decisions are reflected in financial markets. His work has been published in The Journal of Finance, The Financial Analysts Journal, The Journal of Portfolio Management, and many other publications. Meir has also received numerous awards for his research, including three Graham and Dodd Awards and the Matthew R. McArthur Industry Pioneer Award. His latest book, Finance For Normal People, was just released in paperback.

Background

Meir Statman bio

Finance for Normal People by Meir Statman, Oxford University Press, 2017 

What Investors Really Want: Know What Drives Investor Behavior and Make Smarter Financial Decisions by Meir Statman,McGraw-Hill Education, 2010.  

Investor Behavior

“The Expressive Nature of Socially Responsible Investors” by Meir Statman, January 2008. 

“Money Flowed to the Cheapest Funds in the Third Quarter” by Tom Lauricella and Gabriel Dibenedetto, Morningstar.com, Oct. 2019. 

“Morningstar Fund Flows Commentary” by Morningstar, August 2019. 

Retirement Happiness

FIRE movement 

“Michael Finke: Here’s What Makes Retirees Happy” by Morningstar, The Long View podcast, episode 23, October 2019. 

“To Compete with Robos, Advisors Must Become Financial Physicians” by Lauren Foster, CFA Institute blog, April 2017. 

Retirement Spending

“Carolyn McClanahan: There’s More to Money Than Just the Numbers” by Morningstar, The Long View podcast, episode 5, June 2019. 

“The Mental Mistakes We Make with Retirement Spending” by Meir Statman, Wall Street Journal, April 2017. 

“The Bucket Approach to Retirement Allocation” by Christine Benz, Morningstar.com, February 2019.