Why do investors chase AI stocks that bleed losses? Why do they ignore glaring opportunities hiding in plain sight? Why does the stock market fall after a football defeat, or rise on a sunny day?
In this Topical Tuesdays webinar, Old Pauline, Professor Alex Edmans (1993-98) will reveal how mood, emotion and social contagion lead even seasoned professionals to make irrational decisions. Drawing on cutting-edge research and fascinating real-world stories, he’ll explain why markets systematically overreact, underreact and misreact – and how understanding these mistakes can help us become better investors and decision-makers.
Join us for a thought-provoking exploration of market psychology, and discover how to think sharper, invest smarter, and recognise when the crowd has lost the plot. This webinar is based on Alex’s new book, The Madness of Markets: Why Smart Investors Make Crazy Decisions – And How To Exploit Them, published by Penguin on 17 September.
Alex Edmans FBA FAcSS is Professor of Finance at London Business School and non-executive director of The Investor Forum. Alex has a PhD from MIT as a Fulbright Scholar, and was previously a tenured professor at Wharton and an investment banker at Morgan Stanley. Alex has spoken at the World Economic Forum in Davos, testified in the UK Parliament, and given the TED talk “What to Trust in a Post-Truth World” and the TEDx talk “The Social Responsibility of Business” with a combined 3 million views. Alex is the author of Grow the Pie, a Financial Times Book of the Year, May Contain Lies, an Amazon #1 bestseller, and Principles of Corporate Finance, the classic finance textbook. He has won 31 teaching awards at Wharton and LBS and was named Professor of the Year by Poets & Quants.
Find out more about St Paul’s Topical Events here.