Mind the Gap: Your Investment Return Expectations Are Unrealistic

Among today’s investors, there’s a huge misalignment between wishful thinking and evidence-based expected returns

Stephen Foerster
8 min readJul 22, 2021

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Photo by Bruno Figueiredo on Unsplash

One of my favorite investment cartoons features a financial advisor and his client huddled around a computer monitor. With a grin on his face, the advisor is saying…

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Stephen Foerster

I’m a Finance prof, CFA, and author of In Pursuit of the Perfect Portfolio (with Andrew Lo). I write stories about investing. (I don’t give financial advice.)