Question: How could return - chasing explain why many of Enron's employees lost most of their retirement savings when Enron went bankrupt? Part 2 A .
How could returnchasing explain why many of Enron's employees lost most of their retirement savings when Enron went bankrupt?
Part
A
Returnchasing induced many Enron employees to forego the benefits of diversification and instead let their employer's stock dominate their portfolios.
B
Returnchasing caused many Enron employees to fail to realize that the phenomenal ascension of Enron's stock in prior years was an aberration.
C
Returnchasing led many Enron employees to mistakenly believe that the past performance of Enron stock meant future success as well.
D
All of the above.
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