Behaviorists tell us that we tend to overweight and overreact to the most recently received information. If we do, we will find that the information that we thought was so important becomes tempered, and reduced in significance, by new and… — Robert Haugen Copy Share Image
Although efficient markets people still go around saying there is a "mountain" of evidence supporting their hypothesis, the truth of the matter is that… — Robert Haugen Copy Share Image
So you see, in the end, it is nearly certain that the power of prediction must triumph over the arrogance of elegance. — Robert Haugen Copy Share Image
If we observe the performance of only those funds that remain active, we will tend to find that the average performance of the surviving… — Robert Haugen Copy Share Image
A comprehensive list of factors brings predictive stability and predictive stability and predictive power. — Robert Haugen Copy Share Image
Less volatile stocks tend to have negative abnormal profits; more volatile stocks tend to have positive abnormal profits. — Robert Haugen Copy Share Image
CAPM also makes use of what is called a "definitional identity." This is something that is automatically true, simply because of the way things… — Robert Haugen Copy Share Image
When you buy a lottery ticket, you don't know how tickets have been sold. But sold they have been. And there is an underlying… — Robert Haugen Copy Share Image
In real-world Finance, they don't pay for elegance. They pay for power - predictive power. — Robert Haugen Copy Share Image
In going directly to Investment Heaven, you build your portfolio as you would build a wonderful company through a merger and acquisition program. You… — Robert Haugen Copy Share Image
The New Finance focused on the market's major systematic mistake. In failing to appreciate the strength of competitive forces in a market economy, it… — Robert Haugen Copy Share Image
Behaviorists tell us that we tend to overweight and overreact to the most recently received information. If we do, we will find that the… — Robert Haugen Copy Share Image
