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Finance Professor Meir Statman Head Shot

Finance Professor Meir Statman Head Shot

Meir Statman : Trust in Finance : Forbes

LSB’s Meir Statman addresses the issue of trust that surrounds and greatly impacts the finance industry today.

 

Glenn Klimek Professor of Finance Meir Statman Head Shot

Meir Statman, Glenn Klimek Professor of Finance, was quoted in an article discussing the lack of trust in the financial services industry. Statman says that advice is sought from those we trust. However, there are risks associated with placing trust in finance such as Ponzi schemes.

“Trust, however, has downsides when misplaced, evident in Ponzi schemes," said Statman. "Advisors who provided services that build trust suffer lower withdrawals, while those with the ability to steal from their clients suffered greater withdrawals.”

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Learn more about Professor Meir Statman »

 

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