The Gamestop stock explosion has mostly been told as a story of small versus big investors. But, my take is that it was also a big win for behavioral finance by disproving the efficient market ...
Unhappily, Global Industrial had to report a 5.6% decline in EPS over the last year. This reduction in EPS is not as bad as the 39% share price fall. This suggests the EPS fall has made some ...
Many core points of modern portfolio theory were captured in the 1950s and 1960s by the efficient market hypothesis put forth by Eugene Fama of the University of Chicago. According to Fama’s ...
Although the Efficient Market Hypothesis postulates that asset prices always shift to reflect new market information to result in accurate pricing, the reality is that market price changes instead ...