All posts tagged "efficient market"

  • Burton Malkiel - Efficient Market Hypothesis
    Burton Malkiel Defends the Efficient Market Hypothesis

    CNBC’s Steve Liesman interviewed Princeton University economist Burton Malkiel, author of the excellent book A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing (Completely Revised and Updated) this morning. Liesman brought up criticism of...

    • Posted April 13, 2012
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  • Jeremy Grantham - Grantham, Mayo, Otterloo
    Jeremy Grantham: The Market is Gloriously Inefficient

    Jeremy Grantham has released his latest investment letter which he dubs, “The Longest Quarterly Letter Ever.”  In it, he blends philosophy with sage investment observations.  It is definitely one of the superior reads in the world of...

    • Posted February 26, 2012
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  • Closed End Funds Premium to NAV
    A Bill Gross Fund Serves Proof the Market is Not Efficient

    Bloomberg’s Sree Vidya Bhaktavatsalam and Alexis Leondis report that six of the 10 most expensive bond closed-end funds are managed by Bill Gross or his colleagues at Pacific Investment Management Co. (PIMCO). The Pimco High Income Fund...

    • Posted February 17, 2012
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  • Study Indicates Hedge Fund Managers Have Skill

    Awhile back Social Science Research Network (SSRN) published a study by Wesley Gray, University of Chicago, and Andrew Kern, University of Missouri, indicating that hedge fund managers actually have stock-picking skills. Gray and Kern used the impressive...

    • Posted May 15, 2010
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  • Burton Malkiel Believes Wealthy Would Do Better in Index Funds

    Burton Malkiel, professor of economics at Princeton University and famous author, says the wealthy should avoid hedge funds because of their high fees. Mr. Malkiel has another objection to them. “There are very few that are any...

    • Posted February 11, 2010
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  • Seth Klarman’s Wisdom

    Dah Hui Lau, has written an article featured at about the “thinkings and principles” of Seth Klarman of The Baupost Group. Klarman has been compared to Warren Buffett and has been able to generate extremely good...

    • Posted October 8, 2009
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  • Lessons From a Brutal Bear Market

    Originally published in May 2003: INDEXES ON 5/29/03 DJIA 8,711.18 S&P 500 949.64 NASDAQ 1,574.95 Lessons From a Brutal Bear Market Describing this as a newsletter is a bit of misnomer. This really can’t be called a...

    • Posted June 3, 2007
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  • Great Book

    Originally published in May 1998: Stocks have gotten way ahead of the fundamentals (earnings, dividends, book value, you name it). Right now the only reason they’re going up is because they’ve been going up. How’s that for...

    • Posted September 15, 2006
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