The Economics of Happiness
Monday, August 9, 2010
12:00 pm – 1:30 pm
at the Omni Hotel, Downtown Los Angeles
Managing Partner, SkyBridge Capital
Chairs: Cynthia Harrington, CFA & Dan Pomerantz, CFA
An Applied Behavioral Finance Group Event
The Applied Behavioral Finance Group presents Anthony Scaramucci, Managing Partner, SkyBridge Capital. In his talk he will explore how happiness should be measured from the perspective of economics. Scaramucci participated in a panel on the same topic at Davos 2010. Joining Scaramucci on the panel were IHS Global Insight chief economist Nariman Behravesh and Joseph E. Stiglitz, Columbia University professor of economics, among others.
Scaramucci and the other panelists discussed the implications of the Easterlin Paradox – the idea that happiness at a national level does not increase with wealth once basic needs are fulfilled. This has been challenged by recent studies positing that absolute income tends to bring happiness, even if it does not guarantee it.
Economists, among them Nobel prize winner Daniel Kahneman, have suggested a National Happiness Index to be added to macro economic indicators. For an advanced copy of Scaramucci’s recent book Goodbye Gordon Gekko, go to http://tinyurl.com/26qwlun.
Prior to founding SkyBridge, Mr. Scaramucci was a co-founder of Oscar Capital Management, which was sold to Neuberger Berman, LLC in 2001 after building a managed account business and four hedge funds having in aggregate more than $800 million of assets. Upon Neuberger Berman’s sale to Lehman Brothers in 2003, he served as a Managing Director in their Investment Management Division. From 1989 to 1996, Mr. Scaramucci was at Goldman Sachs & Co., where in 1993 he became a Vice President in Private Wealth Management. He earned a BA in Economics from Tufts University in 1986 and graduated summa cum laude. He is a member of the Phi Beta Kappa society. He graduated with a JD from Harvard Law School in 1989. He is a Board Member of The Lymphoma Foundation, and The Brain Tumor Foundation. Mr. Scaramucci is also on the Board of Overseers for the School of Arts and Sciences at Tufts University and a member of the NYC Financial Services Advisory Committee. He has Goodbye Gordon Gekko: How to Find Your Fortune Without Losing Your Soul and consulted on the forthcoming movie Wall Street: Money Never Sleeps.
CFALA Members: $20.00
Time: 12:00 pm – 1:30 pm, Lunch
Location: Omni Los Angeles
251 South Olive Street
Los Angeles, CA 90071
For directions call hotel: (213) 617-3300
Methods of payment accepted: Visa/Mastercard, American Express and Discover. If you prefer to pay by check please register online and select "purchase order" as your payment option and enter your last name as the purchase order number. Mail check to: CFA Society of Los Angeles, 350 S. Grand Ave, Suite 1680, Los Angeles CA 90071.
*Credit card payments will only be accepted through the secure online registration, and not by phone or email.