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 been defined.
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.
- Robert Haugen
The cheaper the stock, the better the outlook for future returns. - Robert Haugen
The cheaper the stock, the better the outlook for future returns.
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…
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.
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…
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.
Less volatile stocks tend to have negative abnormal profits; more volatile stocks tend to have positive abnormal profits. - Robert Haugen
Less volatile stocks tend to have negative abnormal profits; more volatile stocks tend to have positive abnormal profits.
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