Female analyst predictions are 7.3% more accurate than those of men
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In other words, women are adept at accurately judging the prospects of a contest,
while men tend to join the competition without regard to their chances of winning.
Po Bronson & Ashley Meriman
“The Science of Competition (Jitsumu Education Publishing Co., Ltd.)”
September 30, 2014, First Edition, First Printing
P.148
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Hello, this is Shimoyama.
“The investment world is a male-dominated society.”
Many people may think so.
In fact,generally speaking,
there are far more
male traders than female traders.
Even when you look at members learning at the Stock Academy under my leadership as president,
it’s still true that there are more men.
Therefore, among women,
“I’m interested in investing, but I can’t seem to take that first step…”
is a sentiment shared by many.
)There are likely quite a few.
But,just because there are few women does not mean
that women are unsuited for investing,
or anything of the sort.
No, in fact, women tend to have higher performance.
There is evidence to support this.A study by
Arook Kumar, from the University of Texas at McCombs School of Business,
who surveyed
“the data of all financial forecasts made by Wall Street stock analysts from May 1983 to June 2006.”
The results...
revealed surprising facts.
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“What Kumar first noticed was that
female analysts outperformed the men.”
Female forecasts were 7.3% more accurate than those of men.
Women tend to avoid conspicuousness or drawing attention,
and thus they often align with the industry’s average predictions,
exhibiting “herding behavior” less frequently.
Other Wall Street analysts would adjust their forecasts
yet women did not adjust their own forecasts.
Overall,
women made bolder predictions than men.
Moreover, with fewer years of experience,
these outstanding results were achieved by women too.”
Po Bronson & Ashley Meriman
“The Science of Competition (Jitsumu Education Publishing Co., Ltd.)”
September 30, 2014, First Edition, First Printing
P.149-150
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In short,
“To hold independent opinions and not be swayed by others,to maintain a unique stance,
and to achieve higher performance with relatively little experience,”
this is the real portrait of female analysts that Kumar uncovered—
a reality often not widely recognized.
In an investment world that is overwhelmingly male-dominated,
this does not necessarilymean that men perform better.
is not directly linked to higher performance by men.
Moreover, astonishingly,the market seems to have noticed this fact.
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“Kumar went on to conduct a more complex analysis to study how the market would react after male and female stock analysts revised their forecasts.”
“The stock price movement was larger when women revised their forecasts.”
“This suggests that Wall Street trusts female analysts more than male analysts.”
Po Bronson & Ashley Meriman
“The Science of Competition (Jitsumu Education Publishing Co., Ltd.)”
September 30, 2014, First Edition, First Printing
P.151
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What do you think?
What I introduced here are all Wall Street-related stories,so they are far from your everyday reality,
and may not feel very relatable.
Nevertheless,to break the image of a male-dominated industry,
these findings are substantial enough.
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Why are women strong at trading?
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In reality,I have seen thousands of members at the Stock Academy,
and there are many women who are achieving results.
For example, a woman named Kawada.
On the Stock Academy site,
she has an interview article
posted.
↓
https://kabu-ac.com/voice/kawata/
At first,she started learning at Stock Academy with her daughter,
and despite having no investment experience,
she is nowa teacher who shares methods with other members.
By the way,
when looking at the trading of female members,
they do not tend to take big risks or go for big bets.
When looking at male traders,
they may think, “If I don’t take this bet, I’m not a man!”
and often lever up and invest large sums,
sometimes violating rules, leading to losses,
whereas with female traders you rarely hear such stories.
It feels like they accumulate profits steadily, not by taking big risks.
That attitude undoubtedly contributes to improving performance.
That’s why, although the investment world is male-dominated,
I believe women should actively pursue investing.
We sometimes receive reports from members like,
“Before I knew it, my husband’s salary was surpassed by steady stock earnings.”
And this kind of situation isn’t a pipe dream.
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The more you strongly imagine profits, the farther they slip away.
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However…
One thing to be careful about is this:
Ironically,
the more you vividly imagine success in your head,
the more success itself seems to slip away.
This applies to people of all ages and genders.
Why does imagining success lead to keeping away from success?
Here is the answer.
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“Imagining your own success too vividly can make you unprepared for the setbacks you’ll encounter along the way.”
Richard Wiseman
“The Science of Success”
2012, September 10, first edition
P.92
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In other words,thinking only positively leads to trouble when negative events occur.
In trading, difficult periods will inevitably come.
There are times when you must endure.
There are also times when you temporarily reduce your capital.
Profit unrealized gains can vanish in an instant.
Emotions will inevitably be stirred by stock price movements.
In such moments,
those who have only imagined a positive future from the start
and cannot brace themselves
will stumble.
If you are the type who only imagines a brilliantly bright future while your eyes are filled with dollar signs, please be careful.
With that, please continue to read today as well.
Thank you for reading.
Keizo Shimoyama
