Top Of My Head


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Monday, April 14, 2008

Want a More Stable Financial System -- higher more women!

I'm reading the headline on RoadRunner's news site and I come across this one:  "Male Sex Hormone May Affect Stock Trades."  I read the article and a study was just completed in England that measured the testosterone levels in men and determined that while high levels help over say a day of training, repeated days of high levels make men more risky and cause more "irrational risk-taking". 

So, basically what we're supposed to gather from this article is that men make lousy financial advisors and hiring more women would equate to "a much more stable financial system."

I can hear my late grandmother's answer to that:  "OH, COME ON!"

Isn't this the same kind of argument that was used against women when they wanted to enter into male dominant fields?  Women shouldn't fight in combat or be police officers because their monthly cycle makes them hormonal and therefore, they would make lousy soldiers and police officers.  Using the same type of hormone argument against men isn't very fair, now, is it?

Well, I better end this.  My financial advisor for my IRA is a guy and I need to change him to someone else.

God Bless




Quote from AP Article on RoadRunner:

"WASHINGTON(AP) The hormone that drives male aggression and sexual interest also seems able to boost short term success at finance. But what seems to start out well can turn bad, with elevated testosterone levels over several days possibly leading to irrational risk-taking, according to researchers at the University of Cambridge in England.

"If people want to get practical, it would be good for both banks and the financial system as a whole if we had more women and older men in the markets," said John M. Coates, lead author of a study appearing in this week's issue of Proceedings of the National Academy of Sciences.

Such a change would produce a much more stable financial system, said Coates, a research fellow in the university's department of physiology, development and neuroscience."

1 comment:

Anonymous said...

Hey thanks for the great blog, I love this stuff. I don’t usually do much for Earth Day but with everyone going green these days, I thought I’d try to do my part.

I am trying to find easy, simple things I can do to help stop global warming (I don’t plan on buying a hybrid). Has anyone seen that EarthLab.com is promoting their Earth Day (month) challenge, with the goal to get 1 million people to take their carbon footprint test in April?... I took the test, it was easy and only took me about 2 minutes and I am planning on lowering my score with some of their tips.

I am looking for more easy fun stuff to do. If you know of any other sites worth my time let me know.