Feb 17, 2021
Episode #450 How to Make Smarter Decisions about Money
Paul Sullivan, author of the Wealth Matters column for The New York
Times and the Money Game column in GOLF Magazine, discusses why
it’s important for financial advisers to discuss money scripts with
clients and for families to talk to their children about money. A
lifelong golfer, Paul also shares anecdotes from some of the
legendary pros, as well as a few things he learned after writing
more than 500 columns about money.
Episode Transcript: https://cfainst.is/3u2Dzh3
Topics discussed:
2:00 - Launching Wealth Matters column in the financial crisis
4:13 - Lessons gleaned over 500 columns
5:42 - Paul's; favorite column
7:54 - Why do we have an aversion to talking to kids about
money?
11:00 - Strategies for helping people talk about money
13:17 - Money scripts
16:00 - Paul’s writing process and how he keeps finding ideas
18:49 - Flops and mistakes in behavioral finance
21:30 - Richard Thaler and The Thin Green Line
24:54 - Clutch and Tiger Woods
27:58 - Writing for Golf Magazine
30:48 - Paul's favorite golfing character and his favorite golfing
story
33:06 - Ray of sunshine question
33:48 - NASA question
34:45 - Flight vs. Invisibility
Related articles and links:
NYT Wealth Matters https://www.nytimes.com/column/wealth-matters
Paul’s favorite column’s:
Somebody’s Watching ... and Ready to Sue
https://www.nytimes.com/2009/09/05/your-money/05wealth.html
A Bespoke Perfume Doesn't Come Cheap
https://www.nytimes.com/2015/03/14/your-money/designing-personal-perfumes.html
The Green Line Secrets
https://www.amazon.com/Thin-Green-Line-Secrets-Wealthy/dp/1451687257
Clutch: Why Some People Excel Under Pressure and Others Don't https://www.amazon.com/Clutch-Excel-Pressure-Paul-Sullivan/dp/1591844290
Golf Magazine: https://golf.com/contributor/paul-sullivan/
CFA Institute members and charterholders Professional Learning
Tracker https://cpd.cfainstitute.org/
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Find Lauren here:
LinkedIn: https://www.linkedin.com/in/lauren-foster/
Twitter: https://twitter.com/laurenfosternyc
Find Paul here:
LinkedIn: https://www.linkedin.com/in/sullivanpaulj/
Twitter: https://twitter.com/sullivanpaul?lang=en