Newsmakers

Meir Statman, Glenn Klimek Professor of Finance and well renowned investment advisor, was quoted in the Wall Street Journal regarding how human markets bring constant surprises in relation to the recent Brexit shock.

Meir comments on the market stating it is “generally reasonable, smart and thoughtful, reflecting information about companies’ earnings or what leaving the EU will do.” He finds that in the short run, market returns can be driven by irrational human behavior. He is further quoted stating, “It’s difficult to guess where the market is going, and act in a way that would look smart later on.”

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