「不成功的融資都是在最繁榮時的經濟體與金融市場完成,景氣好的時候會讓人變得更加樂觀,拋棄謹慎的態度。」
景氣繁榮時,投資人對高風險投資比較"放寬” ,即使高風險投資沒有提供更高潛在回酬,也願意去冒險。
因此,我們不必驚訝,你"買錯股票"大都是市場大好時出現,在熊市時你反而不會買錯股票,因爲熊市時你會萬分小心。
「由於他們比較不悲觀,也不那麼驚慌,所以往往會對尋求更安全的風險調整後報酬失去興趣。」
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