In this episode of Excess Returns, we sit down with AQR founder Cliff Asness for a fascinating discussion about market efficiency, behavioral finance, and the future of quantitative investing. In…
Tag: Efficient Market Hypothesis
Are the Markets Really Efficient?
Warren Buffett has always been open about his approach to investing, singing the praises of focusing on business fundamentals to find strong stocks at good prices. However, in a recent…
Uber, Cabs, and The Efficient Market Hypothesis
For those who still think stock markets are efficient, The New York Times today offered an interesting example of why they may want to reconsider. (more…)
OSAM on the Efficient Market Myth
While many believe that equity markets — particularly large-cap equity markets — are efficient, quantitative investing guru James O’Shaughnessy’s firm says the data shows otherwise. “Our research shows that, with…
What an Inefficient Market Means for Investors
In his latest Wall Street Journal column, Jason Zweig offers an interesting take on the efficient market hypothesis, channeling the late, great Benjamin Graham for guidance. Zweig says that while…
Shiller: It's The Psychology, Stupid
Don’t underestimate the impact psychology has on the stock market and economy — that’s the message Yale economist and housing crisis predictor Robert Shiller recently gave during a lecture at…