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Statman: Be good at shrugging, and don't worry much market direction

Author
Money Life with Chuck Jaffe
Published
Wed 22 Jan 2020
Episode Link
https://moneylifeshow.libsyn.com/statman-be-good-at-shrugging-and-dont-worry-much-market-direction

Behavioral finance expert Meir Statman, a professor at Santa Clara University, said that investors have become smarter about investing -- and have settled for capturing market returns rather than trying to beat the market -- and that staying smart requires shrugging off whatever the market dishes up and letting 'doing nothing' be a solid strategy for not being poor and hopefully for reaching a goal of being rich. Also on the show, Morgen Henderson of Choice Mutual discusses how finances are affecting people's final-resting choices, we revisit a recent discussion about risk with Adam Thurgood of HighTower Advisors, and Yuri Lobynstev of Cindicator Capital talks stocks, earnings and trading in the Market Call.

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