Are Women Better Money Managers?
Nicola Horlick is a Brit who is a mother of five (plus another daughter who died of leukemia a few years ago).
She is also a top money manager at Bramdean Asset Management in London who has just opened a new division of her company, specifically targeting female customers — “Bramdiva.”
Here’s the interesting part: Nicola claims women are better money managers.
This article in the International Herald Tribune cites several studies and experts on this question, and concludes that men have a testosterone-driven approach to money management that leads them to take risks that don’t pay off in the long term.
Women, alternatively, are steadier and don’t “churn” money.
They account for super-succesful male money managers, like Warren Buffett, because they employ the “feminine” approach.
Interesting. I’m sure Buffett will appreciate that assessment.