"How Personalities Determine Investment Styles"

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gkaplan
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"How Personalities Determine Investment Styles"

Post by gkaplan » Tue Sep 05, 2017 8:15 pm

John Rekenthaler of Morningstar has the following column on How personalities determine investment styles.


http://news.morningstar.com/articlenet/ ... ?id=824222
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digarei
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Re: "How Personalities Determine Investment Styles"

Post by digarei » Tue Sep 05, 2017 9:05 pm

gkaplan wrote:
Tue Sep 05, 2017 8:15 pm
John Rekenthaler of Morningstar has the following column on How personalities determine investment styles.


http://news.morningstar.com/articlenet/ ... ?id=824222
Rekenthaler cites a study(*) authored by two Finnish college professors. My take is that he generally doesn't buy into the authors' conclusions. I don't really get the alleged connections between the personality traits discussed and investor strategy either. He doesn't provide any statistics or much detail about the paper in the column.

My instinct tells me that if you throw enough adjectives in the air, readers will naturally find one or two they can relate to.
John Rekenthaler, of Morningstar, wrote:For most investors, the link between personality and investment style is immaterial—they will own a handful of broadly diversified funds, and thus their portfolios will not strongly tilt toward a particular style. Those of us who are more interested and involved as investors, however, will likely end up following our preferences.


(*) Source: University of Oulu
https://papers.ssrn.com/sol3/papers.cfm ... id=3018383
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