The Money Game |
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Página 127
Charting is as old as papyrus; the "random-walk" thesis has ancient origins but,
properly worked out, is as new as computers. Charting seeks to find some order
in what has happened; the random-walk thesis maintains there is no order.
Charting is as old as papyrus; the "random-walk" thesis has ancient origins but,
properly worked out, is as new as computers. Charting seeks to find some order
in what has happened; the random-walk thesis maintains there is no order.
Página 132
Fifty-fifty either way. "If the random-walk model is a valid description of reality,"
says Professor Fama, "the work of the chartist, like that of the astrologer, is of no
real value." The random-walk fellows seem particularly out to get the Chartists.
Fifty-fifty either way. "If the random-walk model is a valid description of reality,"
says Professor Fama, "the work of the chartist, like that of the astrologer, is of no
real value." The random-walk fellows seem particularly out to get the Chartists.
Página 133
It is a cold, austere world, the world of the random walk, and a negative one. The
random walkers do believe in the intrinsic value of a stock, but they have not
much help for us on that because a stock only sells for its intrinsic value —
whatever ...
It is a cold, austere world, the world of the random walk, and a negative one. The
random walkers do believe in the intrinsic value of a stock, but they have not
much help for us on that because a stock only sells for its intrinsic value —
whatever ...
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Contenido
Mister Johnsons Reading List the dominant note of our time is unreality | 21 |
Can Ink Blots Tell You Whether You Are the Type Who Will Make a Lot of Money in the Market? | 35 |
Is the Market Really a Crowd? | 42 |
Derechos de autor | |
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Términos y frases comunes
Albert already analysts asked bank become believe better bought broker called capital cents Charley Chartists charts cocoa comes couple course crowd dollars don't earnings feel fifty firm follow fund future give Gnome of Zurich goes going gold growing growth hand happened Harry head hundred idea interest investment investors keep kind learned look lunch managers means million Mister Johnson move never once percent performance play Poor Grenville portfolio problems profits random random-walk rich Robert says Scarsdale sell shares short silver sold sometimes sounds started stop talk tell thing thought thousand trading trying turn walk Wall Street watching whole Winfield worth York
Información bibliográfica
| Título | The Money Game |
| Autor | Adam Smith |
| Publicado | 1969 |
| Exportar cita | BiBTeX EndNote RefMan |