November 2012
Beginner
343 pages
8h 12m
English
book
Market Sense and Nonsense: How the Markets Really Work (and How They Don't)
by Jack D. Schwager, Joel Greenblatt
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Contents
Part One: Markets, Return, and Risk
Chapter 2: The Deficient Market Hypothesis
The Efficient Market Hypothesis and Empirical Evidence
The Market Is Collapsing; Where Is the News?
The Disconnect between Fundamental Developments and Price Moves
Price Moves Determine Financial News
Is It Luck or Skill? Exhibit A: The Renaissance Medallion Track Record
The Flawed Premise of the Efficient Market Hypothesis: A Chess Analogy
Some Players Are Not Even Trying to Win
Right for the Wrong Reason: Why Markets Are Difficult to Beat
Diagnosing the Flaws of the Efficient Market Hypothesis
Why the Efficient Market Hypothesis Is Destined for the Dustbin of Economic Theory
Chapter 3: The Tyranny of Past Returns
S&P Performance in Years Following High- and Low-Return Periods
Implications of High- and Low-Return Periods on Longer-Term Investment Horizons
Is There a Benefit in Selecting the Best Sector?
Hedge Funds: Relative Performance of the Past Highest-Return Strategy
Why Do Past High-Return Sectors and Strategy Styles Perform So Poorly?
Wait a Minute. Do We Mean to Imply . . .?
Chapter 4: The Mismeasurement of Risk
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.