The Misleading of Investors
“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.
KeywordsPension Fund Investment Banking Financial Account Standard Board Financial Service Authority General Account Office
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D.N. Chorafas, Alternative Investments and the Mismanagement of Risk
, London, Palgrave Macmillan, 2003.CrossRefGoogle Scholar
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© Dimitris N. Chorafas 2004