A Fund that Profits from Investor Mistakes

A recent Barron’s article offers a profile of Raife Giovinazzo, a former student of Nobel Laureates Daniel Kahneman and Richard Thaler, who has managed the $370 million Fuller & Thaler Behavioral Small-Cap Equity Fund since 2013. The fund, which the article says, “employs the principles of behavioral finance,” has risen nearly 17% per year over the past five years, beating 99% of its small-cap fund peers. According to the article, Giovinazzo argues that “behavioral mistakes… Read More

Tips for Being a Smarter Investor

A recent Kiplinger article offers an overview of an interview with Raife Giovinazzo, Ph.D., a partner at Fuller & Thaler Asset Management, a firm that invests based on behavioral finance principles (Giovinazzo earned his doctorate under Nobel Laureate Richard Thaler). The following are some highlights: Why don’t markets behave rationally? According to Giovinazzo, “It’s not that we’re stupid or overly emotional. It’s just that being human means that sometimes we’re going to make mistakes.” Giovinazzo’s… Read More