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Women are better investors than men

According to a new study, men are more likely to panic and make dumb decisions.

What it means: An investment app called Stash had a look at how men and women manage their money. Stash is a platform which lets people put their money into lots of financial products, such as stocks (a piece of ownership in a company, which entitles you to some of their profits), bonds (loaning money to a government or company with the idea that it’ll be paid back with interest) and derivatives (basically a bet on whether a good like rice or gold is going to become cheaper or more expensive) with the idea of making a profit.

Stash wanted to know how male and female users acted when the markets went a bit haywire and value of their investments suddenly dropped. They found out that men were 87 percent more likely than women to panic and sell off all their investments while the price was low. Women tended to hold onto the investments, reasoning that the prices would eventually go up again (which they did).

Of course, any attempt to prove that different social groups act in different ways should be taken with a ginormous pinch of salt. There are all sorts of reasons why Stash’s result could be misleading (maybe Stash just happens to be used by loads of particularly flighty men). But it’s a good pushback to sexist ideas about how women can’t handle money or shouldn’t be trusted with important decisions because they’re ‘too emotional’.

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Reader Comments

  • RW

    Your right to a degree. You mentioned “the wandering Jew”.

    I elaborate that the Jewish people, historically have tended to migrate almost exclusively to locations that are economically and culturally vibrant already. I would speculate that Jews have thrived in these places and have often improved the bounds of their economies and knowledge base.

    You can also ask; how many massive entertainment conglomerates, Nobel winners or billionaires has Isreal developed? If Jews are so capable, why isn’t Tel Aviv the Rome of our time?

    Jews are successful because they value education, maintain a strong social cohesive, they actively monitor and have a good sense for Zeitgeist wherever they are and they carefully choose the places they settle and congregate themselves heavily in these choice locations.

    But most importantly (haulocaust increased the importance of this aspect), they actually designed their culture for success. They not only attend Harvard, they use what they learned to better the group as a whole. With as much, they studied intricate networking systems, adapted to it and in many cases improved upon them. (See how Japan acquired Aegis warships and made them better).

    Of course there is nothing wrong with any of this. It’s when you elaborately gain disproportionate power in any society where you would stand out, you must take care when attempting to make a society better (Civil Rights movement) and rewriting that society all together (mass immigration). Ask blacks in China, Mexico, Philippines or India how much opportunity they have? Go to businesses owned by their American diaspora and see how many blacks they hire. Go to Silicon Valley and see how many East or South Asian tech workers wish they could work with more black people. California might work as a state, but as a nation, I think your rolling the nuclear dice here. I hope we can succeed as a tolerant pluralistic superpower but at this stage in human societal development, it’s a pipe dream.

    And if Jews really are the icon for success, they would see that fundamental human successes happen over generations. Just look at the rest of the planet? Are we ready?