1.Cultural Differences in Investing
- International differences in loss aversion. After controlling for factors such as national wealth and growth, a study found that Anglo-Saxon countries are the most tolerant of loss, while investors in eastern Europe have the greatest loss aversion.
- International differences in investor patience. The same
study found that investors from Germanic/Nordic countries (85%),
Anglo/American countries, Asia (66-68%), and Middle East cultures are more
willing to wait.
Osterland McCarthy began his own real estate development company Osterland with his friend. In this capacity, he bought and rehabbed investment properties for their own portfolio. Over the last few years, Osterland has developed hundreds of properties in the two cities. He started to help investors who want to own investment properties but want to rely on our experience to execute successful projects.