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The Misleading of Investors

  • Dimitris N. Chorafas

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 
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Notes

  1. 5.
    D.N. Chorafas, Alternative Investments and the Mismanagement of Risk, London, Palgrave Macmillan, 2003.CrossRefGoogle Scholar
  2. 8.
    John Cassidy, DOT.CON–The Greatest Story Ever Sold, New York, HarperCollins, 2002.Google Scholar
  3. 13.
    D.N. Chorafas, Liabilities, Liquidity and Cash Management. Balancing Financial Risk, New York, Wiley, 2002.Google Scholar

Copyright information

© Dimitris N. Chorafas 2004

Authors and Affiliations

  • Dimitris N. Chorafas

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