I saw that there was a new book by Benoit Mandelbrot, Richard L. Hudson: The Misbehavior of Markets I don't know if it brings new approaches linked to BF. Or...
... Yes ... it's worth reading, although I don't understand the mathematics any more now than I did before, and I'm a mathematician. :) Seriously, he had a...
... I think you're right. It makes sense. I didn't think of this before, it looks like a private company only has a few options: 1. If it doesn't need or...
... just ... for ... as ... commodity ... mathematics ... Seriously, ... is ... behavioral? ... Right, Ed, I guess that on this point we might both agree with...
... cornicello ... you ... that ... could ... grow ... I think you're right. It makes sense. I didn't think of this before, it looks like a private company...
... [snipping to save space - re my comment about seking long term, low cost, debt] ... Do you think that stock market sentiment in a bubble influences ...
1. On Mandelbrot: I'll admit the closest I ever came to understanding him was when I helped him move out of his office at Harvard at the end of his visiting...
... the academic background of the various camps ... the "old school" economists just make highly simplistic behavioral assumptions while we "BF" types think...
... [snipping to save space - re my comment about seking long term, low cost, debt] ... to ... need ... think ... a ... companies" ... solid ... for ... Do you...
... Borasky" ... L. ... that, ... subjects ... adaptive ... I haven't read anything about chaos and markets for years but to be really provocative, I suggest...
Hi, dear members and visitors! Iime is up for another newsletter. The group experienced a good year start, with some unrest ;-)) and also some real gems to...
... I mean that there may be objective the positive expectation for future profit and growth but sentiment often causes stock investors to over-value the...
... be ... secular ... show ... Jan Yes, this scaling peculiarity is troubling. From what I heard about fractals applied to stockmarkets, it seems that several...
... investors ... I can confirm that banks, a profession I know rather well, have their own fads, their bouts of overconfidence and underconfidence, directed...
... dynamic ... short ... And I'm not familiar with fractals either. Observing leptokurtic distributions tells me that something else is happening, but that's...
... [ ] ... I'm hardly suprised Peter! I'm thinking of US/UK bank's stupidity in lending to real-estate developers and to telecom infrastructure projects....
I think it is obvious there is a social dynamic element involved in financial markets. We may describe this dynamics by words but I think the work of...
... cornicello ... a ... only ... so ... funds. ... I mean that there may be objective the positive expectation for future profit and growth but sentiment...
Dear all, A new paper I've written on BF and corporate governance. Hope you enjoy it. Comments welcome as ever JM <<GES0131.pdf>> James Montier Global Equity...
We have now our Charter, that sums up our practices, to be used as reference when in doubt There are 3 ways to consult it. * A *BF Group charter* message,...
Professor Marsh prefers the explanation that irrational exuberance has persistently persuaded investors to ignore the lessons of history and buy into...
I didn't know there was a branch of knowledge called market anthropology or, more broadly, economic anthropology. Maybe because it seems there are very few...
Evolutionary economics, which have been mentioned a couple of times in our group, could be one middle of the road direction of research between the EMH-based ...
... I'm not experienced with banking either. But you can guess what US bankers are thinking in general because they get most of their information and ideas...
