Cambridge urges Investment Banks to hire more women
“Greed is good…but I’m watching my weight.” A study by Cambridge University has urged investment banks to hire more women and older people to balance out the testosterone-fuelled excesses of younger male traders (or “dicks” as they are also known). Their research found that traders with the highest testosterone levels in the morning made the greatest profits - but it also made them irrational and therefore prone to lose money. Several studies suggest women are overall better at investing in shares than men - averaging an 18% return to man’s 11% - through more cautious portfolios backed with greater market research. Women represent just 10% of City spread-betting traders.
Tags: Banking, City, Investment, Trading
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