Behavioral Finance Spotlight: February 2014: Full Report Abstract: Is Economic Growth Good for Investors? — Documents a negative correlation between real per capita GDP growth and stock returns. Humans tend to favor good stories over good evidence. The story of strong economic growth driving firm fundamentals and investment opportunities, which thus lead to higher stock returns is compelling, but th...
Posted on: Wed, 29 Jan 2014 02:48:55 +0000
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