When we covered Behavioral Finance in our Managerial Finance Module, we had the chance to receive valuable practical insights by Mr. Hans-Jörg Naumer, who is the director of Capital Market Analysis at Allianz Global Investors. Being one of the leading asset managers globally, it was great to get a first hand presentation regarding the application of these concepts.
Basically, he showed us the concept of
how clients can outsmart themselves to avoid typical behavioral patterns such
as herding and procrastination. Especially when it comes to saving enough money
for the future, people tend to save to little now because the future seems far
away.
Additionally, we are all humans and
not “econs” so that markets turn out to be inefficient. This is also why active
asset management does make sense. Humans are simply not efficient. Altogether
the presentation was very informative and interesting.
During the get-together afterwards Mr.
Naumer took the time to answer our questions thoroughly. Afterwards, still
being inspired by the talk, I decided to enroll for his capital market
newsletter, which touches on current issues in Asset Management.
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