Don Quixote is a well-known literary figure, most commonly remembered for seeing the world through his own lens. He fights windmills thinking they are giants and slaughters a flock of sheep because they look like a mighty army. As investors do we make similar mistakes--seeing an asset the way we want to instead of the way it actually is? See article here, CFA Magazine.
Dolvin, Steven D., "Don Quixote -- Investment Guru??" (2012). All Chapters. 24.