“The often-used phrase ‘pay attention’ is apt:
you dispose of a limited budget of attention
that you can allocate to activities, and if you
try to go beyond your budget, you will fail.”
—Daniel Kahneman, Thinking, Fast and Slow
Pessimism Clouds Capital Market Outlook
2012 Global Market Sentiment Survey of members reveals market doubts, need for improved regulation.
Global systemic risk concerns, continued fallout from the European sovereign debt crisis, poor expected stock returns, and declining investor confidence in the integrity of the capital markets. More than three years after the near collapse of the global financial system, CFA Institute members offered one of their most downbeat assessments yet of market sentiment, performance, and integrity as part of the 2012 Global Market Sentiment Survey.
C FA MA G A Z I N E MA R C H – A P R I L 2 0 1 2
more on:
http://www.adrive.com/public/4bcjVR/Paying Attention Literally.pdf
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