Tag Archives: risk

Good Peers, Good Apples? Peer Effects in Portfolio Quality 

By | August 22, 2022

Do friends provide good financial advice that helps inexperienced investors earn a higher return in the market? Or do friends provide bad advice that leads to excessive investments in individual stocks and asset bubbles? In a new study, we provide evidence that new investors copy the portfolios of their friends and that the advice was,… Read More »