Alpha. Core and Satellite. Modern Portfolio Theory. Correlation. It seems that the financial world has fallen in love with a whole new language. But is the point to drive smarter investments, or just higher fees? Well, let’s forget all the lingo and look at the facts. This one is key: the traditional 60/40 investment model… Read More
An Inefficient Market Hypothesis
by • March 26, 2013
My understanding of the “efficient market hypothesis” is that all information is already “priced in” to the market and that only new information that is different than expectations can move markets. I’m not sure which is funnier, that at one point I was willing to believe that, or that a lot of people a lot smarter… Read More