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
Why Did the Master Say Game? | 11 |
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 |
Derechos de autor | |
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Términos y frases comunes
Adam Smith adding machine Airlines Albert says anyway asked bank bear market believe better bought broker called capital cash cents Charley says Chartists charts cocoa Comsat couple crowd currency Digital Datawhack earnings feel fifty fund managers Gnome of Zurich goes going gold growth gunslingers happened Harry's hedge fund hundred idea investment investors Irwin Jack Dreyfus Keynes look lunch Marvin million dollars Mister Johnson Motorola move never nice ounces pany paper percent play players Polaroid Poor Grenville portfolio manager problems profits psychiatrist puter random random-walk Robert Scarsdale security analysts sell Sidney silver smart sold Solitron speculators stock market talk tape tell thing thousand tion trading Treasury trying Uncle Harry walk Wall Street Winfield Xerox York Stock Exchange Zilch
Información bibliográfica
| Título | The Money Game |
| Autor | Adam Smith |
| Publicado | 1969 |
| Exportar cita | BiBTeX EndNote RefMan |