Below is a link to a Wall Street Journal article on Daniel “Danny” Kahneman who recently passed away.
Danny was a pioneer in the field of behavioral economics and winner of the 2002 Nobel Prize for Economics. He viewed himself as a psychologist first and his insights have helped this new generation of financial advisors (dare I say it “financial psychologists”), help clients realize their short, mid and long term goals. I have been reading his musings for many years and they have deeply impacted the way I work with clients.