# Prof. Ingo Walter's research on the investments of the wealthy

1 November 20, 2013 Financial Times ![Financial Times logo](/sites/default/files/styles/246w/public/assets/images/uat_025700.jpg?itok=LSPbU2V1)>

Excerpt from [Financial Times](http://www.ft.com/intl/cms/s/0/15bab10e-51ad-11e3-8c42-00144feabdc0.html#axzz2lI2C09kV) -- "Indeed, \[the wealthy\] even handled the crisis of 2008 somewhat worse than the average investor. That is the message from a study of the portfolios of 115 wealthy US households, with an average net worth of $90m, from 2000 to 2009, carried out by a group of academics including Enrichetta Ravina of Columbia Business School, Luis Viceira of Harvard University and [Ingo Walter](http://www.stern.nyu.edu/faculty/bio/ingo-walter) of New York University’s Stern School of Business."

[Read more](http://www.ft.com/intl/cms/s/0/15bab10e-51ad-11e3-8c42-00144feabdc0.html#axzz2lI2C09kV)

Additional coverage appeared on [Bloomberg Businessweek](http://www.businessweek.com/articles/2013-11-22/the-rich-make-bad-investments-just-like-you-and-me-sort-of) and [CNBC](http://www.cnbc.com/id/101215240).