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Broken Homes Produce More Cautious Fund Managers

TedTed
in Fund Discussions
FYI: Research shows that traumatic childhood experiences can shape people for the rest of their lives — including how they behave as professional investors.

A new study examines how early-life family disruption — specifically, the death or divorce of a parent — affects the professional investment decisions of mutual fund managers. It finds that fund managers who experienced loss or divorce at a young age were significantly more risk-averse as investors, taking about 17 percent less risk in the funds they manage.
Regards,
Ted
https://www.institutionalinvestor.com/article/b1fhb6b555gjlq/Broken-Homes-Produce-More-Cautious-Fund-Managers

Comments

  • LewisBraham
    It's good to see a financial academic whose grades and intellect were too poor for him to make it in the real sciences figured out a way to pay his bills.
  • hank
    edited May 2019
    @Ted, Your author would have us delve into the childhood of our fund managers before investing? That raises a whole lot of other “pertinent” issues: Did they have behavior problems in third grade, suffer from bed-wetting or perhaps have a Pa who was drunk a lot of the time?

    Nice going. Financial porn at its finest.
  • TedTed
    @MFO Members: The above poster is confused, its not my author. He should take up his problems with the author's of the study.
    Regards,
    Ted
  • hank
    edited May 2019
    Ted said:

    @MFO Members: The above poster is confused, its not my author. He should take up his problems with the author's of the study.
    Regards, Ted

    @Ted. Quibble if you like. The author of the article is Amy Whyte, whom I assume you intended to credit as your source. Of course she’s citing a study by someone else. That seems to ignore the question of what possible relevance you think that study (or the article) may have to mutual fund investors? Do you feel, as I do, that it’s garbage? Or do you think we should be wasting our time worrying about our fund manager’s childhood traumas?

    PS - I don’t get confused.
  • davidrmorandavidrmoran
    >> Research shows that traumatic childhood experiences can shape people for the rest of their lives

    I love completely self-evident journalism like this, just love it, beyond the duh principle
  • Old_JoeOld_Joe
    Quantity vs Quality.

    As usual.
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