Okay ladies, you win. I hate to admit it, but women trump men in dozens of ways: Intelligence, being a better boss, interviewing, surviving car accidents… and (gasp): Investing. I always assumed that men were better investors. After all, every time I walk into the investment section of Kinokuniya, it seems like most of the books there are written by some sleazy-looking dude in a suit. Yet, the numbers don’t lie: Women investors beat men by 12% in net investment returns in 2014, and men were also 25% more likely to lose money in the market. Owtch. So what’s the secret sauce? What makes women so much better at investing? It turns out that we men we lack a certain key quality – something that comes naturally to women. The Pan Shaker Effect In the book The 4-Hour Chef, author Tim Ferriss describes a derogatory term in the chef community known as a “pan-shaker”. You know how the actor-chef in any cooking show usually shakes his frying pan vigorously while cooking his risotto? It might make for good TV, but real chefs know that you shouldn’t over-prod your food. “Learning when to leave food alone is as important as learning when to manipulate it.” – Tim Ferriss. In […]
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