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Leavey School of Business Santa Clara University

Newsmakers

Finance Professor Meir Statman Head Shot

Finance Professor Meir Statman Head Shot

Meir Statman : Investing : Forbes

LSB’s Meir Statman was quoted in both FedSmith and Forbes.
Glenn Klimek Professor of Finance Meir Statman Head Shot

Meir Statman, Glenn Klimek Professor of Finance, had an excerpt from his investing article featured within a FedSmith piece about emotional investing. Statman suggests that there is more to financial decisions than solely what is the expected highest return since there are also “nonfinancial desires.” Furthermore, Statman was also quoted in Forbes emphasizing how millennials like to save instead of invest. The article argues that while Millenials are saving more than previous generations have been shown to, they are maintaining fairly stable investments and staying away from stock market investments as they are perceived as scary ever since the 2008-09 financial crisis. Statman reiterates that millennials are able to understand the importance of saving; however, they are still hesitant about the risk undertaken when investing in the stock market.

An excerpt from FedSmith
Meir Statman concludes his article by saying: “In making financial choices, we need to begin by knowing our wants and the tradeoffs among them. We also must watch out for common behavioral errors and look for ways to balance financial and nonfinancial desires.”

Read the full article.

An excerpt from Forbes
“On the one hand, you have really great awareness on the part of millennials of the need to save for retirement,” Statman says. But, he adds, many people “are still scarred by the financial crisis.”

Find the full article here.

Learn more about Professor Meir Statman

 

 

LSB Newsmakers, LSB Faculty, Meir Statman, FNCE