Strategies - The Perils of Investing Too Close to Home - NYTimes.com

Well we knew of home COUNTRY bias, but home STATE bias? Apparently. That is the latest from Korniotis and Kumar. Strategies - The Perils of Investing Too Close to Home - NYTimes.com: "Americans tend to put a disproportionate share of their money into shares of companies based in their own states, new research has shown, and that bias that can be exploited by sophisticated traders.These insights