1- Rick Ferri states: The financial markets are not the cause of investment plan failure; rather, it is the investors themselves who cause their own demise. Why does he state this? (There are many reasons he provides, in the text.) (Provide your answer in your own words.)

2- What are the five distinct stages people undertake before a change in the behaviors is made permanent? (You may quote directly from the readings in the CPA document.)

3- Explain, in your own words, key insights from behavioral finance

4- (CRITICAL THINKING QUESTION) What can YOU do to counter your own behavioral biases, as to the management of your own investment portfolio, or the portfolios of your clients?

5- According to Rick Ferri, what benefits result from portfolio rebalancing?