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Capital Market Theory sets the environment in which securities analysis is preformed. Without a well constructed view of modern capital markets, securities analysis may be a futile activity. A great debate, and great divide, separates the academics, with their efficient market hypothesis, and the practitioners, with their views of market inefficiency. Although the debate appears surreal and unimportant at times, its resolution is immensely critical to conducting effective securities analysis and performing success investing. On this page, we would like to help resolve the gulf between the "camps." Each brings an important perspective and each perspective is important to the debate. We will present our evidence here as we think we may have the beginnings of a resolution to the conflict. Click on the titles to view the reports in Acrobat Capital Ideas Revisited - part 2 - May 20, 2005 Capital Ideas Revisited - March 30, 2005 The Life of Game - August 5, 2004
Revisiting Market Efficiency: The Stock Market as a Complex Adaptive System - Winter 2002 Shift Happens - October 24, 1997
This page was last updated on 02/25/06.
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