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19 Dec 2016 (AFR) – Fast driving fund managers take more risks

[COMMENT: Now this article is very interesting. It touchs on the topic of behavioural finance (the emotions and psychology of the markets), and helps explain a few things. ]

(19 December 2016, AFR, p17, by James Frost)

‘Fund managers who drive powerful sports cars take more investment risks than those who drive mini vans but fail to deliver higher returns, according to research. The paper updates the fable of the tortoise and the hare for stock pickers, showing that not only does slow and steady win the race but is less likely to blow up or run off with your money to the Bahamas. Surveying 58,069 funds from 1990 to 2012 the authors painstakingly compiled a list of fund managers’ cars by hand, using data from a free vehicle registration website called VIN Place.’

Read more at (might need AFR login access, or try:


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Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.


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