The Misleading of Investors

  • Dimitris N. Chorafas


“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.


Pension Fund Investment Banking Financial Account Standard Board Financial Service Authority General Account Office 
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© Dimitris N. Chorafas 2004

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  • Dimitris N. Chorafas

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