The Flaws of Our Financial Memory

From the 2011 CFA Institute Annual Conference

Joachim Klement, CFA, discusses what neuroscience research reveals about how our memories work and analyzes how our flawed financial memories impact financial decision making. He also presents remedies to avoid these mistakes and lessons from history that are relevant in today’s investment environment.


Photo of Joachim Klement, CFA

Joachim Klement, CFA, is chief investment officer for Wellershoff & Partners, where he develops asset allocation strategies and manages portfolios for private banks, family offices, and institutional investors. Previously, he was head of equity strategy and the strategic research team in the wealth management research division of UBS. Mr. Klement has also worked as an investment consultant offering asset allocation advice to institutional investors. He has published articles in the Financial Times, Journal of Wealth Management, and Journal of Financial Planning. Mr. Klement holds a master’s degree in mathematics from the Swiss Federal Institute of Technology and a master’s degree in economics and finance.

This information is accurate as of the date of recording.



  • Portfolio Management
  • Private Wealth Management
  • Behavioral Finance

Price (USD)

Members: FREE
CFA Program Candidates: FREE
Standard Rate: FREE
University: FREE


Length : 49min
Posted : 7/8/2011
Recorded On : 5/10/2011
CE Credits : 1 CE
Formats :
  • Video Webcast