Legal Investigate

Beating The Crowd At Picking Stocks

Download now Free registration required

Executive Summary

Charles Lee's portfolio management style requires accounting for human biases to nudge prices closer to their real value. By now, the fallout from the epic financial crisis is both familiar and tangible: foreclosed mortgages, failed banks, lost jobs, recession. On the less tangible side, the meltdown also shook faith in a widely accepted economic principle: Markets are efficient. Since the mid-1960s, many academics have embraced the theory that prices paid in large public markets, such as those in stocks and bonds, reflect the collective wisdom of investors acting rationally on all available information.

  • Format: HTML
  • Size: 0 KB