The upper echelons of the investment banking world are inhabited by people who are paid large sums of money to take risks. Some working within the hallowed halls of serious finance prefer lower-risk investments, and others enjoy the thrill of having a larger appetite for risky business. If you want to know how safe your money will be, you need to know how prone your investment manager is to seeking the thrill of a dangerous deal, so what if you could do that by looking at their wrist?
In a post earlier this year by WatchRant, a collection of reviews and horological monologues by the brilliant Nizam Miah (who got into watches at the age of 12 after seeing a Patek Philippe ref. 3941), is a discussion about a study by the University of Alabama on the relationship between the cars owned by fund managers and how they tolerate risk.
While the study revealed some interesting things about the psychology of the people making these financial decisions, Nizam considers if there might be similar personality-based flags raised by the watches owned by these fund managers. Does the desire to own a six-figure watch suggest something about your desire to make a high-risk investment? If you own an A. Lange & Söhne Perpetual Datograph Tourbillon, does that make you more likely to do a deal that the Day-Date wearing Buffett wouldn’t? Read the full article on WatchRant here.