Tuesday, October 15, 2013

I Live in a Rut, But I'm Not Alone

An excerpt from an interview with Nobelist Robert Shiller, the economist:
"What was discovered by some of the behavioral finance research is people are inertial. They don’t do anything. If they have to sign up for the plan, they won’t do it. If they do sign up, they'll put their money in whatever asset seems to be recommended and leave it there the rest of their lives. You would think it’s kind of obvious, that some people aren't that interested in managing their portfolios."

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