Financial Analysts Journal

Irrational Optimism

  1. Elroy Dimson, FSIP, PhD
  2. Paul Marsh
  3. Mike Staunton

Investors who assume stocks will give safe, favorable returns in the long run are suffering from irrational optimism.

Read the Complete Article in Financial Analysts Journal Financial Analysts Journal CFA Institute Member Content

We’re using cookies, but you can turn them off in Privacy Settings.  Otherwise, you are agreeing to our use of cookies.  Accepting cookies does not mean that we are collecting personal data. Learn more in our Privacy Policy.