FINANCIAL MANIAS, BUBBLES AND HUMAN BEHAVIOR
November 11, 2020
WILLIAM SPITZ, CFA FOUNDER & PRINCIPAL OF DIVERSIFIED TRUST CO.
This presentation focuses on the impact of human emotions on economics and investing as demonstrated by six major financial manias or bubbles that date back to the 1600’s. While we have sophisticated math, unlimited computer power and instantaneous communications, we unfortunately remain vulnerable to human psychology, most particularly greed.
Diversified Trust provides investment management, advisory & family office services, trust & estate management and institutional services. Previously, Bill held the position of Vice Chancellor for Investments at Vanderbilt Univ. for 22 years. During his tenure, the Vanderbilt Endowment grew from $300 million to 3.5 billion while also providing netresources to the Univ. of $600 million. He was also a Clinical Prof. of Finance in Vanderbilt’s Owen School of Management. He currently serves as a Director of the MassMutual Financial Group where he is Chair of the Investment Comm., and Acadia Realty, a NYSE REIT.
Approved for 1 CFRE credit.