Return to risk: Investors who retreated to safe ground when sharemarkets were crashing may lose out on long-term benefits if they don't venture back out into the more stable post-crisis world

摘要

Benjamin Graham, the father of modern investment analysis and the man who shaped the thinking of Warren Buffett, long ago warned investors they had to control their emotions if they wanted to do well in the sharemarket. "Individuals who cannot master their emotions are ill suited to profit from the investment process," he said. Yet even after a big rebound in sharemarkets and an improved economic outlook, emotion still appears to be ruling thinking. Investors are far from certain that the worst is over, they are worried about volatility and confidence about the future is not high.