Investment professionals need to strip their communications and decision-making for investors back to focussing on basic principles, according to Oxford Risk.
Speaking at the Future of Investment Festival today (5 June), head of behavioural finance Greg Davies explained the gap between expectations and future reality in investment decision making. "We get attached and end up making decisions that are very costly," he explained. To mitigate this, Davies said investors need to stick to four basic principles of good investing: work out what you can and cannot afford; invest it; diversify; and then leave it alone. FIF 2024: Infrastructure, AI and obesity drugs are the next 'big things' for investors "Our emotional responses along the jour...
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