Bridge over ocean
1 January 2004 Financial Analysts Journal Volume 60, Issue 1

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
Publisher Information
Association for Investment Management and Research 11 pages doi.org/10.2469/faj.v60.n1.2589 ISSN/ISBN: 0015-198X

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