We find that hedge fund managers who own powerful sports cars take on more investment risk. Conversely, managers who own practical but unexciting cars take on less investment risk. The incremental risk taking by performance car buyers does not translate to higher returns … In addition, performance car owners are more likely to terminate their funds, engage in fraudulent behavior, load up on non-index stocks ... and succumb to overconfidence. https://www.theatlantic.com/busines...s/512075/?mc_cid=cff2e7a309&mc_eid=d03fd1041f
The problem would be if they also have the partying lifestyle to match the car, so taking too much booze and maybe drugs. Which is fine for the average hard working guy with his own business or job on the line, but not the kind of person you want managing your money.
I drove my 1910 Ford yesterday to favorite steak restaurant to have a salad as I can't eat meat any more unless it is organic, still love the smells of steak. I can only drive it when no wind, tough enough to drive up hills. So I wonder where I would fit in, took me nine years to find the parts and all told like $18,000, unless I got it for less than they wanted, I'd walk away-never been in any hurry. For most part have a building with like 35 cars of parts-spread out near where every part would be, ROFLMAO I have never done business with anyone who had too new of automobile, too fancy a house or took huge vacations, otherwise I'd be thinking I am paying his too much. Yea, if someone driving fast new hot car, I wouldn't be able to sleep at night if he was managing my funds. And if he bought it from me, I definitely get my funds out right after the check cleared. LOL They still have trophy wives?