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〝Ex喵﹑ 發表於 12-3-22 06:33 PM 
1000字都唔作
佢地唔想作
你幫幫手作好唔好
Capital Markets, Investment and Finance 20011/12 - Assignment
“No one can consistently predict either the direction of the stock market or the relative attractiveness of individual stocks and thus no one can consistently obtain better overall returns than the market. And while there are undoubtedly profitable trading opportunities that occasionally appear, these are quickly wiped out once they become known. No one person or institution has yet to produce a long-term, consistent record of finding money-making, risk adjusted individual stock trading opportunities, particularly if they pay taxes and incur transaction costs” (A Random Walk Down Wall Street, p.245, Burton G. Malkiel).
Discuss the above quotation in the light of the overwhelming evidence of persistent stock market anomalies, for both world wide, emerging and developed markets. Is it possible to harness these anomalies as part of an investment strategy?
To be completed in groups of FOUR to SIX persons.
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發表於 12-3-22 06:17 PM
