Daredevils Make Bad Investors, Great CEOs

As
a kid, you idolized Evel Knievel and The Fonz, suffering many a skinned knee
jumping your bike over neighborhood pets and trash cans. You were a
devil-may-care skateboarder and always the first one to leap from a bridge into
the creek below.

Growing
older, your idea of fun turned to roller coasters and bungee jumping, skydiving
and paintball. You became the sort of person who relishes trips to Vegas and
going all-in at high-stakes poker tables with the likes of A-Rod and Matt
Damon. You drive like you live — fast and furious — be it in a sports car or
straddling a motorcycle.

In
a new research paper — Cleared for Takeoff? CEO Personal
Risk-Taking and Corporate Policies — finance professors Matthew Cain of Notre
Dame’s Mendoza College of Business and Stephen McKeon from the University of
Oregon tried to find common traits among the personalities of successful CEOs.

To
do so, they identified a risky hobby that many of them share — piloting their
own aircraft. Using an FAA database, they determined which CEOs flew their own
jets and whether being in control of a personal aircraft correlated to being
effective corporate leaders.

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read the entire article visit: Daredevils Make Bad Investors, Great CEOs

This
story also appeared in Yahoo!Finance.

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