This WSJ article is authored by Professor Meir Statman, the Glenn Klimek Professor of Finance at Santa Clara University. Professor Statman’s research focuses on behavioral economics, an important topic that we covered briefly during last Thursday’s meeting of Finance 4335.
Your Tolerance for Investment Risk Is Probably Not What You Think
The questions financial advisers ask clients to get at the answer actually measure something completely different—often leading to misguided investment strategies.