efficient market hypothesis
Market complexity transcends disciplines and cannot be entirely modeled out.
Henry Kaufman shows that he was an innovator in the analysis of financial markets.
Thomas Mayer, CFA, PhD, introduces the Discovering Markets Hypothesis (DMH), which he developed with Marius Kleinheyer.
Andrew W. Lo explained how insights from biology can address the shortcomings of the efficient market hypothesis (EMH).
“We need to make investment plans that adapt to market conditions and also take into account our own personal frailties,” says Andrew W. Lo.
The concepts presented in Adaptive Markets relate to all types of investors, assets, and markets. Andrew Lo reviews efficient markets, the random walk, and standard risk/reward measures in investments.
C. Thomas Howard, an opponent of the efficient markets hypothesis, advocates for a radical departure from the idea of diversification at the core of a healthy portfolio.
Conventional wisdom is quite often wrong and misapprehensions can easily prevail, cemented perhaps by groupthink tendencies intrinsic to peer-influenced media.
Alarm bells have been ringing over the summer about remarkably low levels of volatility — a key input in many common investment models — across global markets.
This week’s roundup of interesting bits of news and analysis comes to you via Hong Kong, where all eyes (and ears) were on the opening of China’s annual session of parliament. One of the top stories to emerge was… READ MORE ›