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Brian Portnoy Brian is\xa0currently the Director\xa0of Investment Education at $100B investment solutions provider Virtus Investment Partners, where he\xa0strives to simplify the complex world of money in an effort to help investors make better decisions and lead a joyful life.\xa0For the past two decades, he has held senior investment, research, and strategy roles in the hedge fund and mutual fund industries at Chicago Equity Partners, Mesirow Financial, and Morningstar.\xa0

Brian is the author of \u201cThe Investor\u2019s Paradox,\u201d a book about manager selection rooted in choice theory.\xa0 His second book, \u201cThe Geometry of Wealth\u201d hits electronic and physical bookstores this week.

Our conversation covers Brian\u2019s experience in manager research and lessons learned, choice theory and managing expectations, differences between institutional investment and private wealth management, distinction between seeking wealth and trying to get rich, his terrific new book, and why volatility is risk. Brian\u2019s insightful take on investing and his journey from the complex to the simple is full of investment nuggets of gold.

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Show Notes

2:24 \u2013 Brian\u2019s start in the business

5:18 \u2013 The useful skills he developed during his tenure at Morningstar

6:37 \u2013 The hard questions he would ask

7:15 \u2013 Why he left Morningstar

8:53 \u2013 What he learned at Mesirow that made him so detail oriented

10:57 \u2013 Leaving Mesirow

12:08 \u2013 What led Brian to writing The Investor's Paradox: The Power of Simplicity in a World of Overwhelming Choice

\xa0\xa0\xa0\xa0\xa0\xa0\xa0\xa0\xa0\xa0\xa0 14:51 \u2013 The Art of Choosing

16:58 \u2013 What is the investors paradox

\xa0\xa0\xa0\xa0\xa0\xa0\xa0\xa0\xa0\xa0\xa0 17:04 \u2013 The Paradox of Choice: Why More Is Less

19:29 \u2013 Reaction to the book

24:10 \u2013 Difference between his views on the asset management side vs the wealth management side

27:11 \u2013 The concept behind The Geometry of Wealth: How To Shape A Life Of Money And Meaning

30:58 \u2013 The shapes used to take people from confusion to comfort with money and investments, starting with the circle

36:00 \u2013 Moving on to the triangle in this formula

41:03 \u2013 The second triangle, focused on behavior

43:36 \u2013 The big blue square

49:29 \u2013 Hopes for the book

52:46 \u2013 Closing questions