Do you find yourself scratching your head when reading (IMHO) over-the-top items on various pop culture subjects? I do, especially housing.
There’s no way to ever convince me that any family or person, really needs a seven thousand-plus square foot house in order to live comfortably—let alone 10,000 and up.
Hence, I found quite a bit of irreverent amusement in this Business Week UpFront blurb.
According to Finance professors David Yermack of New York University and Crocker Liu of Arizona State University, “The bigger or pricier the house… the greater the risk of lackluster shares.”
“”If [the CEO] buys a big mansion, sell the stock,” Yermack says. “Many of these guys have been super performers, but at some point that stops, and they reap the benefits.””
Seems reasonable to me.
What’s that old saying? Something about boys and the price of their toys. Seem like the toys’ values are going up, while the boys’ values are decreasing. (Note: As used here, “boys” is genderless.)