Today is International Women’s Day and it made me think of a very interesting article I came across from Bloomberg Gadfly titled “The Next Warren Buffett Will Be a Woman”. Some of the arguments include:

• A 2010 study by Vanguard showed that men were more likely to panic and sell stocks in a financial crisis

• A University of California study showed that men are more overconfident than women which leads to more trading activity and worse performance compared to women

• A Boston Consulting Group study noted that “women are more intent on understanding the risk-return profiles of investments…” and “…are less likely to be distracted by short-term performance”

• A 2017 research study found that higher testosterone levels reduced the ability to make cognitive decisions and were more likely to act on impulses