Brian Portnoy: Balancing Returns with Simplicity, Financial Independence, and Peace of Mind

Our guest on the podcast today is author Brian Portnoy. Brian has written two books on the field of behavioral finance, The Investor's Paradox and The Geometry of Wealth. He's also the editor of a forthcoming book of essays about how financial experts invest their own money called How I Invest My Money. Brian is the founder of Shaping Wealth, a financial-wellness platform that works with individuals and organizations to make better money decisions. For more than two decades, Brian has worked in the hedge fund and mutual fund industries as portfolio manager and educator. He was also our colleague at Morningstar in the early 2000s. He's a CFA charterholder and earned his doctorate at the University of Chicago. Links Brian Portnoy’s bio Brian Portnoy’s books Shaping Wealth “ How I Invest My Own Money ,” by Joshua Brown, The Reformed Broker blog, July 16, 2019. Robert Seawright blog Dasarte Yarnway Morgan Housel Shirl Penney Efficient frontier definition Harry Markowitz Fama-French three-factor model Capital Allocators Ted Seides Howard Lindzon “ Four ‘Money Scripts’: Four Ways to Feel the Power of Money ,” by Ken Eisold, psychologytoday.com, May 15, 2011. Blair duQuesnay Nina O’Neal Ashby Daniels Financial Wellness “Financial Wellness in a Time of Crisis,” speaker Brian Portnoy, Association for Coaching, April 20, 2020 Funded Contentment Behavioral Finance Daniel Kahneman Amos Tversky Prospect theory “ The Two Friends Who Changed How We Think About How We Think ,” by Cass R. Sunstein and Richard Thaler, newyorker.com, Dec. 7, 2016 Misbehaving: The Making of Behavioral Economics , Richard H. Thaler, June 14, 2016 Daniel Crosby Alliance for Decision Education Annie Duke Save More Tomorrow: Practical Behavioral Finance Solutions to Improve 401(k) Plans , by Shlomo Benartzi, April 12, 2012. Save More Tomorrow , Shlomobenartzi.com “ Governments Are Trying to Nudge Us Into Better Financial Behavior. Is it Working ?” by Shlomo Benartzi, John Beshears, Katherine L. Milkman, Cass R. Sunstein, and Richard H. Thaler, Washington Post, Aug. 11, 2017. Financial Literacy “ Annamaria Lusardi: ‘Financial Education Works , ’ ” Long View Podcast with Christine Benz and Jeffrey Ptak, morningstar.com, Feb. 19, 2020. “ John Lynch: Rethinking Financial Education ,” Long View Podcast with Christine Benz and Jeffrey Ptak, Morningstar.com, Dec. 11, 2019. The University of Chicago Financial Education Initiative Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.