Grantham is right, EMH is a complete turd, lame hedge funds performing poorly is a totally separate issue. Most hedge funds are long-biased. Most hedge funds...
Peter: I respectfully disagree. Sample size significance needs to be understood. For example, if a trader bought one stock in 1978 and held it for thirty...
You are right, sample size is critical. What I mean by large sample size is millions of individual traders behaving in completely random ways. Some of them...
Peter, Wait a second, I was using sample size in a totally different context. I was definitely not talking about the sample size of traders being so large that...
... understood. ... thirty years, and beat the S&P in total return, that's just luck. ... different trades in different stocks and futures contracts using his ...
... yourself, as many have done! ... That explains why absolutely no one in this Group responded to my query a few months back regarding whether anyone has...
... Mr. Brunson wrote his book in the 1970's, and has continued his rate of success for another 30+ years and counting. Incidentally, the best poker players...
First of all, under the EMH, there could be some investors with better knowledge or skills to take advantage of the market inefficiency in the short run. And...
Neil wrote: Â Okay, I'll start. I discovered such a strategy, and it's the reason I joined this Group. Or at least I used to think the strategy's success was...
"Thus predictable and repeatable investment technique should not offer competitive advantage to an investor if all investors are using the same technique. " ...
Some inefficiencies are quite exploitable over multiple decades. If one re-defines EMH to included non-virtually-instantaneous adjustments(up to decades) I...
So, how, exactly can you tell in advance which investor will have the successful strategy? If you look in hindsight you are exactly looking at the survivors...
In hindsight it's always possible to find strategies that worked over a specified period of time. This is the core of the book "The Millionaire Next Door."...
I can look at a track record, and if the trades show a statistically ridiculous pattern like 55% of 100,000 trades profitable over at least five years with...
Is it possible to show one or two of the strategies that can take advantage of some inefficiencies over multiple decades? K.C. ... From: Mark Landesburg...
Renaissance Medallion (general methods for making money). DE Shaw (combining many small pieces of edge method). Winton's main program (mostly futures...
... paragraph left me wanting- Was it a contra strategy? Yes. ... (again, in my view) to allow one to formulate a trading strategy. Let me clarify, a market...
After looking at these hedge funds, I cannot find clearly what strategies are used by them. Hence, it would be impossible for me tell where they are using BF...
I don't know what the "EMH strategy" is. I also don't know what "power trading" is. Futures Trend Following is a very interesting BF topic, you didn't comment...
In order to build a sound theoretical framework for BF, I believe that scholars of BF should put more effort on the cause and effect, i.e. on the reasoning...
... I really don't think of "trend following" trading systems as behavioral finance. They're more akin to dynamic hedging like one would encounter in the...
The aggregate of participants' behavior has a tendency to generate stock market-beating Sharpe Ratios for ridiculously simple trend-following methods with...
Hi, dear members and visitors! Here is your 106th month newsletter. 1) Monthly activity The number of (non bouncing) members decreased (- 10) at about 1830 The...
COMPLEX SYSTEMS AND SOCIAL SIMULATIONS SUMMER SCHOOL 2009 Central European University, Budapest, Hungary JULY 13 - 24, 2009 www.sun.ceu.hu/complex Application...
Vanderbilt University researchers are experimenting with using robots to take over some of the behavioral therapy that is one of the most time-consuming and...
Dear members of behavioral finance groups, My name is Bui Ngan, from Vietnam. I am a totally new in this field of finance so that I would like to show my great...
... of finance so that I would like to show my great gratitude for any advices to my questions. ... However, due to my limited knowledge, I have some troubles...
Dear members of behavioral finance groups, Could anyone recommend me a good textbook for the 1st undergraduate in behavioral science, or behaviroal economics,...
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