This week in asset owner history: HNWIs dangerously overconfident

A lot can happen in eight years, even more so when it has to do with a fast growing group of people: the high-net-worth individuals (HNWIs) in Asia. In 2014, a Julius Baer study found that Chinese HNWIs were dangerously overconfident about meeting unrealistic investment goals. The private bank attributed such confidence to lack of investment experience and their entrepreneur background, which is often associated with optimism and risk-taking. Interestingly, the report found th…