Meir Statman : Investing to Reflect Desires, Values, and Beliefs : On Wall Street
Meir Statman, Leavey’s Glenn Klimek Professor of Finance, shared his expertise and research in behavioral finance in an article discussing emotionally-targeted investment opportunities. The trend of “biblically responsible investing” is similar to ESG, or environmental, social, and governance-based investing, only targeted to a specific investor demographic.
An excerpt from the article:
Santa Clara University professor Meir Statman, author of “What Investors Really Want,” says many investors are looking for “expressive benefits” when deploying capital -- they want their money to also reflect their values, desires and belief systems. It is as good an explanation as any for bringing in other non-investment-related goals as part of their questionable decision making. As you might surmise, I am unenthusiastic about any investment approach that relies on emotional appeals.
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