Chris Dillow 

On wishful thinking

Chris Dillow

Chris Dillow
On wishful thinking

“In the Spring a young man's fancy lightly turns to thoughts of love,” wrote Lord Tennyson – the point being that the young man did not actually win the object of his affection. This reminds us that poets have long known something that investors and economists have been loath to acknowledge – that this time of year encourages wishful thinking. It is perhaps no accident that one of the traditionally biggest gambling events of the year – the Epsom Derby – takes place in early June.

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