Philippe De Brouwer

Quick Facts

Full Name	Philippe De Brouwer
Occupation	Academic
Date Of Birth	Feb 21, 1969(1969-02-21)
Age	55
Birthplace	Leuven
Birth City	Leuven
Horoscope	Pisces

Philippe De Brouwer Biography

Philippe De Brouwer is one of the most popular and richest Academic who was born on February 21, 1969 in Leuven, Leuven, ****. The counter- example was based on an asymmetrical utility function. To some extent it can be argued that the utility function used by De Brouwer and Van den Spiegel was a simplified version of what Harry Markowitz describes in his 1952 paper “The Utility of Wealth”. The utility function has a kink in the actual wealth and decreases faster for losses than it increases for profits. It seems that with such utility function it is actually natural to “accept a series of bets while one should be rejected”. More profoundly this seems to be the natural shape for the utility function of a loss averse investor. Adding this to the fact that all investors are loss averse, this result is to be considered as an important step in responsible investment advice.

He became CEO of Warta TFI and Warta Asset Management in 2004 (see, and )

This paradox was an important problem for every investor, investment advisor and academic that took his responsibility serious. The question if the rule of thumb that every advisor was using was a good one or not was open. Philippe De Brouwer published solved this puzzle and published a simple solution in 2001.

Philippe De Brouwer Net Worth

Philippe De Brouwer is one of the richest Academic from . According to our analysis, Wikipedia, Forbes & Business Insider, Philippe De Brouwer 's net worth $5 Million. (Last Update: December 11, 2023)

The “Fallacy of Large Numbers“ as formulated by Paul A. Samuelson in 1963. This is a very important and fundamental paradox in investment advice. Indeed, financial advisers typically advice risky investments for longer time horizons. So that if one for example has an investment horizon of one year typically only cash and cash-like assets are advised. Shares (that are much more risky) are typically advised if the investment horizon is longer (depending on the country culture this is between 3 and 15 years). This seems to make sense, if one has 10K and wants to buy something of 10K on short term, investing in equities is risky as it would not be uncommon to loose 10% on such portfolio on a horizon of one year. The last few hundred years of capitalist history learns us that on longer horizons the probability that equities have a negative return is much lower. Therefore investment advisers will not advice equities on one year but on ten year it might be acceptable. This paradigm is fundamental to all investment advice, but in 1963 Samuelson wrote a short paper arguing that it is not rational to compound a mistake or in other words that “unfairness can only breed unfairness”, meaning that it is not rational to accept a series of bets when one would not accept one of the atomic bets (if one is a utility optimizer).

Philippe J.S. De Brouwer (born 21 February 1969) is a European investment and banking professional as well as academician in finance and investing. As a scientist he is mostly known for his solution to the Fallacy of Large Numbers (formulated by Paul A Samuelson in 1963) and his formulation of the Maslowian Portfolio Theory in the field of investment advice (and annex theory Target Oriented Investment Advice.

On 27 April 2017 the Belgium honorary consulate of Belgium was re-opened with Philippe De Brouwer as honorary consul.

Height, Weight & Body Measurements

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Who is Philippe De Brouwer Dating?

According to our records, Philippe De Brouwer is possibily single & has not been previously engaged. As of December 1, 2023, Philippe De Brouwer’s is not dating anyone.

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Facts & Trivia

Philippe Ranked on the list of most popular Academic. Also ranked in the elit list of famous people born in. Philippe De Brouwer celebrates birthday on February 21 of every year.

Top Facts about Philippe De Brouwer

1. Philippe De Brouwer is a Belgian banker and academic.
2. He is the CEO of the National Bank of Belgium.
3. De Brouwer has a PhD in economics from Harvard University.
4. He previously worked at the International Monetary Fund (IMF).
5. De Brouwer was also a professor at the Université libre de Bruxelles.
6. He is an expert in monetary policy and financial stability.
7. De Brouwer has published numerous articles and books on economics.
8. He speaks French, Dutch, English, and German fluently.
9. In 2020, he was appointed as a member of the European Central Bank’s Supervisory Board.
10. De Brouwer is known for his pragmatic approach to economic issues.