Because women do not know as much about public affairs as men
An example of male over-confidence (conceit)?
Who would you say is better informed about business and financial matters? Well, guess who are the better investors - women, hands down.
naicmedia.com
a few excerpts:
The evidence is in: Women are more patient and more rational investors than men, who tend to be trigger-happy risk takers. Why does that matter? Women get better returns.
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A study of more than 35,000 discount-brokerage customers by economists at the University of California at Davis found that between 1991 and 1997, women's portfolios earned, on average, 1.4 percentage points more a year than men's did. Among single people, the difference was even more pronounced, with single women earning 2.3 percentage points a year more than single men. Records of investment clubs reveal an even wider performance gap: through the end of 1998, all-female clubs had an average compounded lifetime return of 23.8% a year, compared with just 19.2% for all-male clubs, according to the National Association of Investors Corporation, which represents about 37,000 clubs nationwide.
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"Compared with male investors, women are more consistent, more persistent, less emotional, and better able to stay the course," says Jonathan Strong, manager of membership for the NAIC.
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In the end, many key differences between male and female investors can be traced to self-confidence: men have it, women don't. Some 52% of men express confidence in their ability to invest wisely, compared with only 38% of women, reports a recent survey of retirement planning sponsored by the American Savings Economic Council and the Employee Benefits Research Institute--findings that agree with numerous others on this subject. Whether the facts justify men's confidence, however, is another matter. "Men act like they know it all, even when they don't," notes certified financial planner and psychologist Victoria Collins, author of Couples and Money. "Women doubt they know it all, even when they do."
But, of course, women voters are unlike women investors, aren't they? They're emotional and not very well informed, unlike us men who are rational and better informed. Heh heh. |
