October/November 2009 Features Spotlight Morningstar Conversation 48 Undiscovered Manager 55 Makeup of the Mind Learning how your clients think will help them overcome their irrational behavior and become better investors. The Furious Comeback of Emerging Markets Our panel sorts through the current buzz of ideas surrounding emerging markets. Junk-Bond Pioneer Mark Shenkman didn’t invent the high-yield market, but he was one of the first to see its potential. A Top-Down Approach Behavioral finance might have started in academia, but its theories can be put into practice right now. 40 43 In Practice: Patterns of Investor Irrationality A Call for Nudges As the ideas of Richard Thaler become policy in Washington, the Nudge author sees potential to change investor behavior in retirement planning.