Ok, this title is stating the obvious. But it never ceases to surprise me how delusional men really are. About 20 years ago, Brad Barber and Terrence Odean published their wonderful study titled Boys will be Boys where they showed that amongst retail investors, men tend to be more confident in their ability to pick stocks than women. This overconfidence manifests itself in higher portfolio turnover for men vs. women. And since higher turnover leads to higher transaction costs, the net performance after fees of men suffered more and they underperformed women. Nothing new here, except that most people don’t know that there are also differences in marital status. Married men tend to do better than single men and I suspect this is just another way how wives have a
What a great post! 😄Thank you
Looks like in the end they all underperform anyhow.
I was surprised that this was allowed but then saw that a man wrote it. At least there are men saying it.