investors types - Behavioral Finance VS Management of individual investors

[archived_user]

Hi everyone,
i don’t undestand why the program is providing so many behavioral types:
in LOS 9 - Behavioral Finance we have 2 major classifications:

• Guardian, individualist, Adventurer and celebrity
• Passive Preserver, Friendly follower, Independent individualist and Active Accumulator

i put them one on top of the other to show the equivalence in terms of extreme. and here starts the confusion with individualists being a risk taker in the second classification and a “careful” investor in the first classification
then the confusion continues with the definition provided in LOS 10 - Management of individual investors
they introduce a third type of classification: Cautious - Methodical - individualist and Spontaneous! and here, the Individualist is similar to the one of the 3 ways mode. but without the word “independent”.
why so many definitions and which individualist should we consider? the one defined in LOS 9 or LOS 10?!!
many thanks

 

[archived_user]

They would mention it, I believe. Like classify as per Pompian 4 way BITS. Classify as per BB&K 5 way model. And for the first, well they’ll tell you to classify amongs methodical, cautious, individualist, spontaneous.
The bottom line - they won’t make it ambiguous and you’ll figure it out.

 

[archived_user]

but it is hard for me to memorize