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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 : Millennials & Investing : SFGate

LSB’s Meir Statman was quoted multiple outlets speaking about Millennials' fear of risk in the financial markets and the resulting effects for the long-term.
Glenn Klimek Professor of Finance Meir Statman Head Shot

Glenn Klimek Professor of Finance Meir Statman was quoted in various articles expressing how Millennials are saving, yet they are risk averse which can actually hurt them in the future. Statman expands on the idea of risk by providing examples of how risk is not only taken in finances, but it is also taken in daily life; therefore, Statman suggests that Millennials should not fear the stock market. 

“Taking risk is not a luxury; it’s a necessity,” Statman says in the SFGate. “If you look at risk in the overall context of life, you see that we take risk not because we like risk, but because we have aspirations. Aspirations are the engine, the driver of the train, and risk is really one of the cars of the train.”

Furthermore, Statman’s work on consumer confidence and investor sentiment was referenced in an article from Market Watch about consumer confidence in the current stock market.

An excerpt from the article:
My findings are in line with those reached by a study conducted almost two decades ago by Meir Statman, a finance professor at Santa Clara University, and Kenneth Fisher of Fisher Investments. They found that there is a statistically significant correlation between, on the one hand, measures of investor sentiment like that compiled by the American Association of Individual Investors, and consumer confidence indicators such as the ones maintained by the University of Michigan and the Conference Board.

Read the SFGate article.

Read the MarketWatch article.

Learn more about Professor Meir Statman.

 

LSB Newsmakers, LSB Faculty, Meir Statman, FNCE