Carl Richards, author of The Behavior Gap: Simple Ways To Stop Doing Dumb Things With Money, will be delivering a speech in Toronto (May 22, 2012 at 6 pm), Ottawa (May 23, 2012 at 11:45 am) and Montreal (May 23, 2012 at 6 pm). Behavior gap refers to the difference between the returns of an investment and the returns of an investor. Many studies have established that a behavior gap exists due to the prevalent tendency to chase “hot” investments and sell out at times of panic in the markets. Mr. Richards, who also writes for the NY Times Bucks Blog, uses a sharpie pen and napkin to capture the behavior gap and other complex ideas for the investing public. For example, here’s how he describes the concept of behavior gap:
Source: New York Times Bucks Blog
The talk in organized by PWL Capital, a financial planning firm that builds passively-managed portfolios for its clients. Cameron Passmore, Portfolio Manager at PWL Capital, has once again kindly offered to invite ten readers to Mr. Richards’ talk in each of the three cities – Toronto, Ottawa and Montreal. If you are a resident of these cities and are free at the times mentioned earlier and would like to attend this event, just leave a comment in this post mentioning which city you would like to attend and do not forget to include your email address. If you are reading this post via e-mail or your favourite RSS Reader, you have to click through to the website and scroll to the bottom of the page and type in your comment. Some quick rules:
(1) Deadline for entries is 11:59 p.m. EDT on Friday, April 20, 2010. (2) One entry per person.
(3) Canadian residents only.
(4) I treat your privacy very seriously. Your e-mail will be used for the sole purpose of sending you an invite for the event.
(5) If I receive more than ten entries, I’ll pick ten entries at random for each of the three cities.
(6) You will be responsible for any expenses incurred in attending the event.
