W&L’s Ricciardi Quoted in MarketWatch Professor Victor Ricciardi was quoted in an article titled “You’re probably sabotaging yourself when it comes to finances. How to spot it — and stop it.”
Victor Ricciardi, visiting assistant professor of finance at Washington and Lee University, was quoted in a MarketWatch article titled, “You’re probably sabotaging yourself when it comes to finances. How to spot it — and stop it.”
In the piece, Ricciardi says, “People reveal a strong desire for owning local stocks that they are more familiar with, which is known as local bias, and overly invest in portfolios with domestic securities, which is known as home bias. This results in investors holding overly concentrated and under-diversified portfolios.”
Read the full article here.