Although efficient markets people still go around saying there is a "mountain" of evidence supporting their hypothesis, the truth of the matter… — Robert Haugen Efficient 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 Arrogance 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… — Robert Haugen Active Copy Share Image
The cheaper the stock, the better the outlook for future returns. — Robert Haugen Cheaper Copy Share Image
A comprehensive list of factors brings predictive stability and predictive stability and predictive power. — Robert Haugen Comprehensive Copy Share Image
Less volatile stocks tend to have negative abnormal profits; more volatile stocks tend to have positive abnormal profits. — Robert Haugen Abnormal 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… — Robert Haugen Defined 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… — Robert Haugen Distribution Copy Share Image
In real-world Finance, they don't pay for elegance. They pay for power - predictive power. — Robert Haugen Beauty 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… — Robert Haugen Acquisition 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… — Robert Haugen Appreciate 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… — Robert Haugen Habits Copy Share Image
