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Family Finances: You may not be as well-diversified as you think

Appeared on April 18, 2008

A working paper by Columbia University Professor Gur Huberman, Ph.D., and Daniel Dorn, Ph.D., of Philadelphia's Drexel University, reported that risk-averse investors bought mutual funds more often than individual stocks. When they chose stocks, they generally purchased stocks with low volatility.

Read the full story at Pittsburgh Post-Gazette