The Daily Interview: Behavioral Finance Professor Meir Statman

The market isn't a monolith. It's compiled of a vast aggregation of individual hopes, fears, concerns and perceptions, right or wrong. For today's Daily Interview, we talked to a man who knows this all too well.

Meir Statman Behavioral Finance Professor Santa Clara University.

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Lately, investor sentiment has careened all over the place. After a surprise market rebound in January, the past few weeks have seen a pullback on growing concerns about the outlook for the second half of 2001. A flood of earnings warnings ushered along the recent retreat, but those announcements were compounded by what has seemed to be accompanied by a growing sense of gloom among investors. ...