The Atlantic

Hedge-Fund Managers With Flashy Sports Cars Make Worse Investors

Traders who own minivans, a recent study suggests, are more financially prudent.
Source: Martyn Goddard / Getty

For most lay investors, figuring out how to allocate money presents a dilemma. A dizzying maze of experts, investors, fund managers, and advisors exists to allow people to outsource their questions to a financial professional who can make responsible decisions on their behalf to grow savings. But to reliably figure out who won’t rip them off or make bad calls, regular people have to know so much that they could almost invest the money themselves in the first place.

Finance writers and others in the guidance-giving business offer some shortcuts to try to keep things simple. These range from the objectively good—making sure that the people in charge of money have an obligation to put clients’ interests first, without

You're reading a preview, sign up to read more.

More from The Atlantic

The Atlantic2 min read
Free Solo Is Not a Life Lesson
Alex Honnold’s historic climb is too extraordinary to become a story of motivational-poster determination.
The Atlantic5 min readPolitics
Jay Inslee: ‘I Got a Whole Nother Story to Tell’
On Monday afternoon in the Everglades, Governor Jay Inslee of Washington was on a boat, using his phone to take a photo of an alligator. He was on his way to unveil his latest 2020 campaign initiative: a plan to completely end America’s use of fossil
The Atlantic6 min readPolitics
What the Iran Crisis Reveals About European Power
Donald Trump is forcing Europe to confront its own weakness. The U.S. president’s bellicose policy toward Iran has, until now, been met with an unusual unity of opposition from Europe’s big three powers, the U.K., France, and Germany, as well as from