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Podcast: Money Life with Chuck Jaffe
Episode: Statman: The news is creating psychological problems, not financial ones
Description: Finance professor Meir Statman, author of "A Wealth of Well-Being: A Holistic Approach to Behavioral Finance," says the headlines and geopolitical risks that have investors and consumers scrambling for a plan of action are not that different from past times, and that taking a deep breath and calming down will be a lot better than altering financial plans or stocking up and filling "that refrigerator you keep in the garage." Statman acknowledges that inflation is scary — particularly because it removes a measure of certainty from pricing — but says that acting scared has never served investors and consumers well. In The...