About this item
The Chief Investment Officer of Merrill Lynch Wealth Management explains why goals, not markets, should be the primary focus of your investment strategy - and offers a practical, innovative framework for making smarter choices about aligning your goals to your investment strategy.Today all of us bear the burden of investing wisely, but too many of us are preoccupied with the wrong priorities - increasing returns at all costs, finding the next star fund manager, or beating "the market." Unfortunately conventional portfolio theory and the grand debates in finance have offered investors only incomplete solutions. What is needed, argues Ashvin B. Chhabra, is a framework that shifts the focus of investment strategy from portfolios and markets to individuals and the objectives that really matter: things like protecting against unexpected financial crises, paying for education or retirement, and financing philanthropy and entrepreneurship.
About the Author
Ashvin B. Chhabra is the author of The Aspirational Investor: Taming the Markets to Achieve Your Life's Goals. He is widely recognized as one of the founders of goals based wealth management and for his seminal work "Beyond Markowitz" which integrates Modern Portfolio Theory with Behavioral Finance.
Dr. Chhabra was Chief Investment Officer for Merrill Lynch Wealth Management from 2013-2015. He was the Chief Investment Officer at the Institute for Advanced Study from 2007-2013 and Managing Director and head of wealth management strategies and analytics for Merrill Lynch's Global Private Client Group from 2001-2007. Prior to that, he was head of quantitative research at J.P. Morgan Private Bank.
Dr. Chhabra is the chair of the Board of Regents for the Financial Analysts Seminar of CFA Institute. He is also member of the international advisory board of EDHEC-Risk Institute, the Board of Trustees of the Stony Brook Foundation, and the investment committee of the Institute for Advanced Study. Dr. Chhabra has lectured at Yale University, Carnegie Mellon University, Columbia Business School, Baruch College CUNY, and the University of Chicago.
He holds a PhD in applied physics from Yale University on the topic of Chaos Theory.
