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

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

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

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

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

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

- Robert Haugen

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

- Robert Haugen

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

- Robert Haugen