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CASE CLOSED

28 June 2009 by TPC 1 Comment

Great weekend reading here.  Sorry efficient market thinkers, but you’re wrong.


SSRN-id1306523 –

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  • Keating Willcox said:

    So, maybe a list of stocks, buy,buy,buy or sell,sell,sell for the next year, eh. See how badly the random walk is crippled.

    This is certainly a non-obvious result. One thinks that massive computer statistical models for valuation and price prediction would be more accurate than these simple formulae. Who knows?

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    # 28 June 2009 at 6:42 PM