Spiegel interview in English: http://www.spiegel.de/international/spiegel/0,1518,453234,00.html "Yunus: We certainly noted that when given the opportunity, women handle money more efficiently. They have longterm vision, they manage money more carefully. Men are more callous with money. Their first reflex is to blow it by getting drunk in a pub, or on prostitutes or gambling. Women, on the other hand, are endowed with a tremendous sense of self-sacrifice and try to get the best out of the money, for their children, but also for their husbands."
I've heard they're better investors also. This is because they're more likely to pick a stock or mutual fund and stick with it. Men, rather, like to get too involved and too "hands on." Women are more passive, which in the context of investing, is a good quality to have.
Career women have probably had to work much harder to reach their respective positions than men in the same industries and are probably more careful and conscientious all round. I would say that the same applies to most women with children. However, many women I know personally are just stupid when it comes to money.
There is a hedgefund that employs only female traders/managers. This caused an outcry, but I say, if they can be proven to be better investors, why not?
What an offensive view of men that person had! And I know plenty of women that blow there own cash when they get it. But if men were in a family situation they would plan to use their money for the better of every1, probabley the men they research were single bachelors so they should spend their money how they like.
Whatever the reason, if a professional banker says that women handle money better than men I would believe him. He can't afford to be wrong.
For once we agree. But for some strange reason men let women manage the money in relationships. I currently work in the Mortgage industry, and the men are constantly letting the wife make the final decision when it comes to home purchases. But what I find funny is, the Men never want me to tell the Wife what's the most they can qualify for lol. And Women are never satisfied when it comes to homes. Once their home builds equity, they sell it and by a bigger home. Never are they satisfied with what they have.
