The Misleading of Investors

Dimitris N. Chorafas

Chapter 4 in Management Risk, 2004, pp 58-77 from Palgrave Macmillan

Abstract: Abstract “We are never deceived,” Johann Wolfgang Goethe said. “We deceive ourselves.” Goethe’s dictum precisely encapsulates the plight of investors as they confront the volatility of their wealth, failing to appreciate that the markets are neither rational nor efficient, even if many experts think that they are that way.

Keywords: Pension Fund; Investment Banking; Financial Account Standard Board; Financial Service Authority; General Account Office (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-4039-4810-6_4

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DOI: 10.1057/9781403948106_4

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