Meir Statman : The Psychology of a Market Bubble : Kiplinger
Meir Statmam, Glenn Klimek Professor of Finance, was quoted in Kiplinger about how to navigate a market bubble.
An excerpt from the piece:
Finance professor Meir Statman, at Santa Clara University, believes it’s impossible to recognize a bubble when you’re in one. “People can see bubbles in hindsight; the problem is we don’t see them when it matters,” he says.
The best defense against a bubble is a diversified portfolio, both experts agree. That helps ensure that losses in one sector or asset class won’t sink you overall. The advice may sound banal, says Statman, but it works.
Read the full article Learn more about Professor Meir Statman
Nov 23, 2017