Practical analysis for investment professionals
10 September 2014

Why Investors Lose the Blame Game

When an investment firm plays the blame game, the loser is performance. That is the key finding of a new study investigating the impact of culture on investment results. “The critical thing to understand is that blame has been ‘outed’ as one of the major causes of dysfunction and failure for investment firms,” write the study’s authors, Jim Ware, CFA, and Jason Hsu, in the latest issue of CFA Institute Magazine.

More highlights from the September/October issue include:

Plus articles on the rise of environmental markets, why organizational structure is a growing problem for investment firms, how changing market structure raises new questions about exchanges, and the “uneasy truce” between investors and credit-rating agencies.

Please note that the content of this site should not be construed as investment advice, nor do the opinions expressed necessarily reflect the views of CFA Institute.

About the Author(s)
Jennifer Curry

Jennifer Curry formerly served as managing editor of the Enterprising Investor. Previously, she was the social media manager at the New York Society of Security Analysts (NYSSA). Prior to her work at NYSSA, Curry worked as the senior project editor for a nonfiction imprint at Barnes & Noble Publishing and as an assistant editor at the H.W. Wilson Company. She is the editor of several volumes in the Reference Shelf series, and her writing has appeared in Smithsonian, IndustryWeek, Barnes & Noble Review, and other publications. Curry holds a BS in journalism and a BA in anthropology from the University of Kansas, and an MA in anthropology from Hunter College, City University of New York.

1 thought on “Why Investors Lose the Blame Game”

  1. Jamal Munshi says:

    very interesting stuff. i wonder if kahneman and tversky did anything on “behavioral portfolio management”. this is a new concept for me. thank you for the post.

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