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Testosterone Profits



April 14, 2008 – Comments (10)

Apparently men make more money in the stock market if their testosterone levels are higher, well, at least among brokers.

Oh gee, and here's one way to increase your testosterone...

Increase your sexual activity. Sexual stimulation causes the body to increase the production of oxytocin which increases endorphin production (the "feel-good" chemical), and this also raises testosterone.

And drinking lowers it... 

10 Comments – Post Your Own

#1) On April 14, 2008 at 7:47 PM, GS751 (26.69) wrote:


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#2) On April 14, 2008 at 7:58 PM, dwot (28.82) wrote:

Hmm, the link is trunicated, "testosterone is higher"

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#3) On April 14, 2008 at 8:15 PM, dwot (28.82) wrote:

CR has a very interesting post on how behaviour changes as debt increases beyond 100% of the mortgage.

What was interesting to me was that there did not appear to be a correlation to credit score, but rather the amount owed relative to equity.

I can really understand that.  If I was house poor and getting further in the hole every month I'd walk as well.

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#4) On April 14, 2008 at 11:01 PM, abitare (29.46) wrote:

When I was an intern in a brokerage house, there were about 3 women out of 70 brokers. None of the women were expected to last long and they were not taken very seriously. The working hours were very long. Men generally have the money, and it is a very hard task for a women to "close" a deal with a man.

Real estate is a better place for women to sell, because they are selling to women generally.  

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#5) On April 15, 2008 at 12:00 AM, dwot (28.82) wrote:

Abitarecatania, I found it strange that they would do a study on men's testosterone and compare it to trading profits.  Actually, if you read the study I think stress reduces testosterone and perhaps with higher stress they don't do as well and the higher stress is related to perhaps knowing there is going to be a loss.

But it doesn't hurt to suggest a little nooky is good for the finances... 

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#6) On April 15, 2008 at 12:07 AM, MenRBetter (26.36) wrote:

I created a tracker of female CEOs, hopefully Fool management will not stop the post. You are proving that women can do well in the market. ;)

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#7) On April 15, 2008 at 3:30 AM, Tastylunch (28.51) wrote:

I thought I read somewhere that testosterone really only increases tolerance for risk, which as we know amplifies gains and losses. Thus you could get a sampling error at a brokerage house as the brokerage house would only keep it's most successful employees.

so while among its employees those with higher testosterone may be more successful there , that may not indicate that high testoosterone = great success as those who have high testosterone  and poor success would be no longer employed at the firm and thus removed from the study.

I'll see if I can find it but I swear I saw a study that suggested women are on average  better investors than men because they have less testosterone and thus are more willing to be patient, due diligence and  admit mistakes and cut lossess short. So while those who have greatest success tend to be men , those with the greatest failures tend to be men too due to men's supposed appetite for risk.

. Sorry if I'm rambling (And I hope I didn't say anything offensive), I'm tired and banged up since  my building got hit by a buick today.

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#8) On April 15, 2008 at 5:56 AM, camistocks (71.93) wrote:

I really hope that people won't fall to those general stereotypes.

After all, who ran UBS or BSC to the ground...? Yeah, it were women... or not?! 

I love it how self proclaimed women hating experts like MenRBetter are trying to bash successful people. I just say: hey loser, show us what YOU can do! 

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#9) On April 15, 2008 at 6:17 PM, Tastylunch (28.51) wrote:

I agree with camistocks, Sexism is stupid.

I should note that I wasn't trying to promote stereotypes by writing what I wrote. I only meant to write what I read about studies (which unfortunately I have not found) of populations. That doersn't mean you should apply the study's results (if you believe them) to individuals you encounter.

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#10) On April 16, 2008 at 12:06 PM, madcowmonkey (< 20) wrote:

The study was too limited in size and scope to be of real value. I would love to open up a brokerage of 75 women and have one guy being the secretary and watch all the girlies hit on him for a change. This stuff is too funny for me to get my panty's in a bunch. 

"Testosterone may help focus the mind but constantly high testosterone levels are likely to make traders foolhardy, the researchers at the University of Cambridge cautioned."

Don't go out and get roided up because of the article. Too much testosterone consistently will make you foolhardy. 

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