Chris Marshall

On Tuesday 8^th September Gordon Mackie introduced the evenings speaker, Chris Marshall. Chris had been a member of the British Ski Team for 6 years but was now a Financial/Investment Manager. The topic for his talk was ’It’s in the Mind’.  

Behavioral finance is a relatively new field that seeks  to provide explanations for why people make irrational financial decisions. It has long been known that losses have a much bigger emotional impact on individuals than the equivalent amount of gains

Touching upon economists of the past such as Adam Smith, the pioneer of political economy and Daniel Kanneman who suggested that when framing choices,  people's tendency is  to substitute an easy-to-answer question for one that is harder. Why follow the herd and buy shares when they are on the up and sell when they are coming down?

The vote of thanks was given by Colin Lovell