Women money managers think about investing differently than men and collectively their approach outperforms their male counterparts, said Meredith Jones, author of ‘Women of the Street.’ Jones added that she based her conclusion on a variety of studies and supplemented that research with personal interviews of successful female fund managers. She said women tend to be less overconfident than men, so they do not hold onto losing positions as long. Furthermore, Jones said women are less active traders than men which saves on transaction fees. Finally, Jones said women also tend to be more ‘out-of-the-box thinkers’ compared to men which also enhances their relative returns.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+: