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Give your money to a woman
01-15-2014, 01:45 PM
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#1
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Moderator
Join Date: Dec 2007
Location: Eastern WV Panhandle
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Give your money to a woman
Okay, this title will endear me to the ladies. Men might break out the torches and pitchforks.
Anyway, this is an interesting article about the success of female fund managers. Want better returns? Give your money to a woman - NBC News.com
Quote:
The numbers are even more eye-popping for the six years from January 2007 through June 2013. Hedge funds run by women returned 6 percent compared with a 1.1 percent loss at the HFRX Global Fund Index. The Standard & Poor's 500 index gained 4.2 percent during the same time.
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They don't really give a reason why the difference and admittedly the time period is short so it's not definitive anyway. But an interesting thought nonetheless.
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When I was a kid I wanted to be older. This is not what I expected.
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01-15-2014, 01:48 PM
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#2
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
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I've sometimes heard it said that on average (i.e. there certainly are exceptions), woman investors don't trade as often or as actively, being a little more prone to buying and holding for longer periods than men. If true that could explain some of the difference.
It would be interesting to see how they specifically fared during the Ursa Major of 2008-09 and how they fared in the subsequent recovery.
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"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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01-15-2014, 01:52 PM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
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Well, perhaps testosterone does hurt investing performance as unclemick keeps claiming.
While I am a vehemently heterosexual male, I am not a chest-thumping male, never interested in competitive sports, and may be considered too soft by other males. So, if that explains my investing performance so far, which I think is above average for stock pickers, I am OK with it.
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"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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01-15-2014, 01:55 PM
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#4
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Moderator Emeritus
Join Date: Sep 2007
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Just don't give your money to the Beardstown ladies:
Quote:
The women had claimed that their investment club had earned an average annual return of 23.4 percent and published five folksy books that mingled recipes like five-hour stew with investment tips. But in 1998, accountants announced that the authors had miscalculated and that their club had averaged 9.1 percent annual returns, far less than the Standard & Poor's 500.
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Beardstown Ladies Case Ends in Offer to Trade - NYTimes.com
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“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
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01-15-2014, 01:57 PM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
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Well, I thought there were some studies to show women tend to, er, not telling the truth compared to men.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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01-15-2014, 02:00 PM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
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I understand Jack Bogle has some daughters and grand-daughters. Best of all worlds?
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No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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01-15-2014, 02:01 PM
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#7
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
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Quote:
Originally Posted by Bestwifeever
Just don't give your money to the Beardstown ladies
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Weren't they the ones that basically took (for example) a 300% total return over 15 years and called it a 20% annual return (300%/15) instead of calculating it properly as a CAGR (which would be about 9.7%)?
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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01-15-2014, 02:02 PM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
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I did not fully follow the Beardstown story, but the above miscalculation could be attributed to being math-challenged and not outright deceitful.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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01-15-2014, 02:04 PM
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#9
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Moderator
Join Date: Dec 2007
Location: Eastern WV Panhandle
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Quote:
Originally Posted by ziggy29
I've sometimes heard it said that on average (i.e. there certainly are exceptions), woman investors don't trade as often or as actively, being a little more prone to buying and holding for longer periods than men.
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If there is a difference over long periods of time I'd think that is most likely the reason. But just an opinion of course.
__________________
When I was a kid I wanted to be older. This is not what I expected.
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01-15-2014, 02:04 PM
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#10
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Thinks s/he gets paid by the post
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01-15-2014, 02:10 PM
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#11
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Moderator Emeritus
Join Date: Sep 2007
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Quote:
Originally Posted by ziggy29
Weren't they the ones that basically took (for example) a 300% total return over 15 years and called it a 20% annual return (300%/15) instead of calculating it properly as a CAGR (which would be about 9.7%)?
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Worse. They forgot that they didn't back out the new investments. And their funds (and the claims made in their books) were not audited until they were challenged by financial writers, when the mistakes were finally found. Oops!
Not a malicious error, but still....
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“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
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01-15-2014, 02:12 PM
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#12
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
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__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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01-15-2014, 02:20 PM
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#13
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And here I thought the thread was going to be about which half of a heterosexual couple manages the household money, and how's that workin' for ya.
Amethyst
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01-15-2014, 02:56 PM
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#14
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Moderator Emeritus
Join Date: Sep 2007
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Since 97 percent of hedge funds are managed by men and 3 percent by women (per this site: Women in Fund Management: The Report | ncrw.org) could the relatively better returns for the latter just be a fluke?
I wonder if anyone has studied whether female monkeys are better at picking stocks than male monkeys
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“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
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01-15-2014, 03:13 PM
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#15
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Give your money to a woman? Don't most of us do that sooner or later?
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"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
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01-15-2014, 03:15 PM
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#16
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Moderator
Join Date: Dec 2007
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Quote:
Originally Posted by Bestwifeever
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I did notice that most of the sponsors of the study were women. Surely that had no effect on the outcome....
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When I was a kid I wanted to be older. This is not what I expected.
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01-15-2014, 03:18 PM
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#17
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Administrator
Join Date: Jan 2008
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The Fed Chief is a woman. The last piece of the puzzle is in place.
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01-15-2014, 03:48 PM
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#18
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Recycles dryer sheets
Join Date: Jan 2007
Posts: 398
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Quote:
Originally Posted by Walt34
I did notice that most of the sponsors of the study were women. Surely that had no effect on the outcome....
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Women are better at everything than men, or so one might conclude from the media. Do you think NBC or another major news organization would ever publish an article that claimed men are better than women at a given activity, even if there was conclusive evidence that this was so? You are not going to see anything like, "Want better returns? Give your money to a man," even if the data suggested this to be true. Such an article would be considered offensive and people likely would be fired.
For the most part, this demonstrates the lack of credibility of the news media in general ... not due to the article itself, but due to the one-sided presentation of articles like these.
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01-15-2014, 03:51 PM
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#19
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
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Quote:
Originally Posted by MichaelB
The Fed Chief is a woman. The last piece of the puzzle is in place.
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Ah, yes, OMWI taken to its absurdist extreme.
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"All animals are equal, but some animals are more equal than others."
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Ezekiel 23:20
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01-16-2014, 09:17 AM
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#20
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
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There have been a number of times when I was not sure of what to do-usually it involved selling too early. DW's advice, when I asked, always proved to be spot on.
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