Chicks with (Stock) Picks

Long marginalized in the investment industry, women are getting some new-found respect for their stock-picking skills. Merrill Lynch recently put out a study showing that women make better investors than men because they were less likely to hold a bad investment for too long and to commit too much money to a single risky idea. And they were less likely to wildly churn their investments. “Overconfidence and overtrading lead to a much worse investment performance,” says Tim Price, senior investment strategist at London-based Ansbacher & Co. “That is classic alpha-male, testosterone-fueled behavior.”
Guys, Step Aside [Bloomberg]

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