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Quote by Hersh Shefrin

“Having a financial adviser enables the investor to carry a psychological call option. If the investment decision turns out well, the investor takes the credit, and if it turns out badly, the regret can be lowered by blaming the adviser.”

Quote by Hersh Shefrin

Author

Hersh Shefrin
Hersh Shefrin

Hersh Shefrin is a distinguished university professor recognized for his contributions to behavioral finance. Born in 1948, he has significantly influenced the field of economics and finance through his integration of psychology and economics. more

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