Thanks to my daughter, Kris, for this Mother’s Day article for investors in The Wall Street Journal. In it, columnist Jason Zweig advises men to share the reins to their investment portfolios with their wives. He opens with:

“Fess up, fellows: The masters of the universe have turned out to be masters of disaster. No matter which aspect of the financial crisis you consider, there is a man behind it.”

His article shows women investors tend to take fewer risks, trade less often and stick with their investments, leveraging less. He quotes psychologists who claim men are more likely to react to crises like our current one with anger, while women react with fear. That’s one way to put it, I guess.

http://online.wsj.com/article_email/SB124181915279001967-lMyQjAxMDI5NDExMTgxMTE5Wj.html

I think it more likely women understand their investments are only part of the universe. They’re well aware of how little trust should be put in arrogant men more interested in using money for self-aggrandizing sport, than in an honest return for smart investments in a future worth living. Acting with caution should only be called sensible—exactly Zweig’s point.