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The Misleading of Investors

In: Management Risk

Author

Listed:
  • 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.

Suggested Citation

  • Dimitris N. Chorafas, 2004. "The Misleading of Investors," Palgrave Macmillan Books, in: Management Risk, chapter 4, pages 58-77, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-4039-4810-6_4
    DOI: 10.1057/9781403948106_4
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