The professors at our greatest universities have perfectly asinine ideas - first,
about efficient market theory.
Not exact matches
In the real world, this is simply not true» Guy Spier «A whole body of academic work formed the foundation upon which generations of students at the country's major business schools were taught
about Modern Portfolio
Theory,
Efficient Market Theory and Beta.
On a technical level, there is a contradicting
theory called the
Efficient Market Hypothesis (EMH) that states that all information
about a company is always reflected in the price of its share.
It is based on the
theory that in an
efficient market, where equity prices reflect all known information
about a company, there is no capacity for a talented analyst to outperform, and a portfolio that uses the most up - to - date prices should deliver the best results.
In an
efficient market, it's easy to develop tidy
theories about optimal corporate governance.
It blew me away when he talked
about how there was a version of the
Efficient Market Disease — I mean,
Theory!
Notes starting from February 26, 2007 Notes starting from March 25, 2007 covered the following topics: Taken At Face Value, The Cost of Capital Appreciation, Switching with Dividend Payers, More
about Dividend Payers and Switching, Woody Allan's Take on the Efficient Market Theory, I Saw My Doctor Again, Gentle Failure Mechanisms, What Do I Really Think About Long - Term Ti
about Dividend Payers and Switching, Woody Allan's Take on the
Efficient Market Theory, I Saw My Doctor Again, Gentle Failure Mechanisms, What Do I Really Think
About Long - Term Ti
About Long - Term Timing?
The tragedy is that advocates of the
Efficient Market Theory got so hung up on being perceived as having figured out everything there is to know
about stock investing that they blinded themselves to the next set of important insights, those that followed from the 1981 discovery by Yale Economics Professor Robert Shiller that valuations affect long - term returns.
The
Efficient Market Hypothesis (EMH): Definition and Practical Implications: Brief tutorial
about the
Efficient Market Hypothesis, also known as the
Efficient Market Theory.
GREENBLATT: Well, junior year, I read an article actually in Forbes Magazine
about Ben Graham's stock picking formula, and it was really what they used to call net - net or stock selling below their liquidation value and it seems very simple to me because I was at Wharton at the time and they were learning
efficient market theory and none of it resonated with me.