Although efficient markets people still go around saying there is a "mountain" of evidence supporting their hypothesis, the truth of the matter is that it's a very old mountain that's now eroding rapidly into the sea.
The cheaper the stock, the better the outlook for future returns. - Robert Haugen
The cheaper the stock, the better the outlook for future returns.
- Robert Haugen
So you see, in the end, it is nearly certain that the power of prediction must triumph over the arrogance of elegance. - Robert Haugen
So you see, in the end, it is nearly certain that the power of prediction must triumph over the arrogance of elegance.
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 … - Robert Haugen
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 …
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… - Robert Haugen
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…
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… - Robert Haugen
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…
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… - Robert Haugen
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…
A comprehensive list of factors brings predictive stability and predictive stability and predictive power. - Robert Haugen
A comprehensive list of factors brings predictive stability and predictive stability and predictive power.
In real-world Finance, they don't pay for elegance. They pay for power - predictive power. - Robert Haugen
In real-world Finance, they don't pay for elegance. They pay for power - predictive power.
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 … - Robert Haugen
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 …
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