Valores

If this isnt an errate then my only guess is that there is an assumption about the stage of life u r in. The paragraph states "more financial wealth also indicates more conservative portfolios when human capital is bondlike". Which to me would suggest someone who has a lot of job security and that would normally happen at a later stage in ur life at which point your ability to take risks declines. Thus if your human capital is stocklike you are likely to be younger (excluding those who get tenure in their 20s) and if you have a lot of financial wealth when your young you hav a greater ability to take on more risks.

I'm kinda clutching at straws here so I think it's probably an error in the text.