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Why Women Are Better Investors
The Anthony Weiner Principal...
Is it just me or does it seem that hardly a week goes by without news of yet another high profile male's highly embarrassing, self-destruction?
Following each incident, we are left pondering what is it about so many men that leads them to abandon rational thought and succumb to impulsive, self-sabotaging behaviors? One can't help but conclude that more men than women, at least among highly successful individuals, suffer from bouts of seriously poor decision making and are more prone to losing control.
And now a new study by Barclay's, supporting previous studies' findings, concluded that due to women's superior ability, in general, to use self-control they tend to make more in the market. It seems there is a relationship between the larger problem men seem to have in dealing with the issues of self-control, and the documented fact that women are more successful investors.
A 2005 study by Merrill Lynch found that while 35% of women held an investment too long, 47% of men did so and an academic study in 2009 found women made 1% more annually. Sorry guys, but apparently the evidence supports the fact that women are more controlled and more rational investors!
Read more: Call it the Weiner Principle: Men Self-Destruct by David Weidner, Market Watch
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