If we observe the performance of only those funds that remain active, we will tend to find that the average performance of the surviving funds exceed….

A comprehensive list of factors brings predictive stability and predictive stability and predictive power..

Although efficient markets people still go around saying there is a "mountain" of evidence supporting their hypothesis, the truth of the matter is th….

When you buy a lottery ticket, you don't know how tickets have been sold. But sold they have been. And there is an underlying distribution for the ga….

The cheaper the stock, the better the outlook for future returns..

In real-world Finance, they don't pay for elegance. They pay for power - predictive power..

CAPM also makes use of what is called a "definitional identity." This is something that is automatically true, simply because of the way things have ….

In going directly to Investment Heaven, you build your portfolio as you would build a wonderful company through a merger and acquisition program. You….

The New Finance focused on the market's major systematic mistake. In failing to appreciate the strength of competitive forces in a market economy, it….

Behaviorists tell us that we tend to overweight and overreact to the most recently received information. If we do, we will find that the information ….

Less volatile stocks tend to have negative abnormal profits; more volatile stocks tend to have positive abnormal profits..

So you see, in the end, it is nearly certain that the power of prediction must triumph over the arrogance of elegance..