Emotional responses are common among managers as well as investors

I’ve talked a lot about how you need to eliminate emotional reactions from your investment management strategy. This article points out that even mutual fund managers are susceptible to the lure of emotional investing.
Steve

 

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Looking at a portfolio manager’s track record is one thing, but understanding how he or she achieved it, and whether it can be repeated, is another story and something that financial advisers should consider when selecting funds for their clients, according to those who study investor behavioral trends.

Read the complete article here:

http://www.investmentnews.com/article/20110724/REG/307249986

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