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what do MBAs learn in B-school: efficient market theory?
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Date: February 8th, 2010 2:27 AM Author: heady round eye office I find it incredibly stupid.
In the meantime, It would be extremely gratifying for me coz thousands of dumb MBAs are paying good money to learn this stupid theory. |
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Date: February 8th, 2010 2:27 AM Author: Beady-eyed Location Rigpig it is stupid (http://www.autoadmit.com/thread.php?thread_id=1216224&forum_id=2,#14052715) |
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Date: February 8th, 2010 2:29 AM Author: heady round eye office what does it get taught then? I also learned it in my corporation class. (http://www.autoadmit.com/thread.php?thread_id=1216224&forum_id=2,#14052727) |
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Date: February 8th, 2010 2:33 AM Author: fear-inspiring wild whorehouse tell us why it's incredibly stupid. (http://www.autoadmit.com/thread.php?thread_id=1216224&forum_id=2,#14052749) |
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Date: February 8th, 2010 2:36 AM Author: heady round eye office EMH, as you must know, holds that security prices always and immediately reflect all available information. The theory bases its reasoning on the unrealistic assumptions including perfect information and low transaction costs. (http://www.autoadmit.com/thread.php?thread_id=1216224&forum_id=2,#14052772) |
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Date: February 8th, 2010 2:41 AM Author: Snowy deer antler range strong EMH is bogus, but the weaker forms work well as first order approximations of market behavior. financial autocorrelations are low, and examples of workable technical trading strategies are few and far between (http://www.autoadmit.com/thread.php?thread_id=1216224&forum_id=2,#14052803) |
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Date: February 8th, 2010 2:46 AM Author: heady round eye office the dot com boom and bust, black monday 1987, etc clearly discredit ANY form of EMH. Technical trading strategies are unworkable by definition since it is based on timing as opposed to pricing. Fundamental analysis is TCR, aka warren buffett style.
God, can't believe I am learning all those bullshit in school. |
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Date: February 8th, 2010 2:48 AM Author: fragrant library philosopher-king are you talking about the tard quants? omfg how did anyone think that shit was going to last. (http://www.autoadmit.com/thread.php?thread_id=1216224&forum_id=2,#14052845) |
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Date: February 8th, 2010 2:54 AM Author: heady round eye office I am talking about the fact that EMH does not comport with stock market history. (http://www.autoadmit.com/thread.php?thread_id=1216224&forum_id=2,#14052896) |
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Date: February 8th, 2010 2:59 AM Author: sable self-absorbed electric furnace boltzmann it's still difficult/impossible to predict those sorts of huge price crashes in any kind of systematic way. (http://www.autoadmit.com/thread.php?thread_id=1216224&forum_id=2,#14052928) |
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Date: February 8th, 2010 3:03 AM Author: heady round eye office which shows that market participants are far from rational and securities can be priced in a grossly inefficient way. (http://www.autoadmit.com/thread.php?thread_id=1216224&forum_id=2,#14052965) |
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Date: February 8th, 2010 2:43 AM Author: sable self-absorbed electric furnace boltzmann it's still a pretty solid theory. no one believes the strong form. (http://www.autoadmit.com/thread.php?thread_id=1216224&forum_id=2,#14052817) |
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Date: February 8th, 2010 2:49 AM Author: fragrant library philosopher-king kind of. but too many tards in the market who have no idea what they're doing and don't bother trying to learn. (http://www.autoadmit.com/thread.php?thread_id=1216224&forum_id=2,#14052854) |
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Date: February 8th, 2010 2:53 AM Author: heady round eye office No, it is a retardedly stupid theory.
It basically says that stock analysis is meaningless and nobody should both with it, which is clearly not the case. |
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Date: February 8th, 2010 2:58 AM Author: fear-inspiring wild whorehouse 'It basically says that stock analysis is meaningless'
weak-form says that fundamental analysis is useful. |
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Date: February 8th, 2010 3:05 AM Author: heady round eye office the weak form is just a nuanced permutation of this flawed theory.
The market is either efficient or inefficient. What does it mean to be weakly efficient. Damn. |
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Date: February 8th, 2010 2:56 AM Author: fear-inspiring wild whorehouse (http://www.autoadmit.com/thread.php?thread_id=1216224&forum_id=2,#14052908) |
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Date: February 8th, 2010 2:37 AM Author: fragrant library philosopher-king how to get their company suckling on the sweet sweet government stimulus welfare teet. (http://www.autoadmit.com/thread.php?thread_id=1216224&forum_id=2,#14052775) |
Date: February 8th, 2010 2:45 AM Author: Curious bright abode dingle berry not much, it seems (http://www.autoadmit.com/thread.php?thread_id=1216224&forum_id=2,#14052828) |