The Profit Motive Behind Financial Complexity - Bloomberg

Guess what? When investors don't understand what they're buying, they do worse.

“...in his book “Phishing for Phools,” written with fellow Nobelist Robert Shiller, Akerlof goes one step further. Much of the actual, real-world economy, he says, involves trickery and deception...

Guess what? When investors don't understand what they're buying, they do worse.

“...in his book “Phishing for Phools,” written with fellow Nobelist Robert Shiller, Akerlof goes one step further. Much of the actual, real-world economy, he says, involves trickery and deception...