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.
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Notes
D.N. Chorafas, Alternative Investments and the Mismanagement of Risk, London, Palgrave Macmillan, 2003.
John Cassidy, DOT.CON–The Greatest Story Ever Sold, New York, HarperCollins, 2002.
D.N. Chorafas, Liabilities, Liquidity and Cash Management. Balancing Financial Risk, New York, Wiley, 2002.
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© 2004 Dimitris N. Chorafas
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Chorafas, D.N. (2004). The Misleading of Investors. In: Management Risk. Palgrave Macmillan, London. https://doi.org/10.1057/9781403948106_4
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DOI: https://doi.org/10.1057/9781403948106_4
Publisher Name: Palgrave Macmillan, London
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