.png){kind=logo}
GC Asia
The Fundamentalist: The gap between futures and reality
It's a myth that markets are good at discounting future events. And as for the advocates of this idea — highly paid economists and strategists — you only have to look at GM or the price of gold to see they get it wrong. Is it time to sack the experts?
Among the more fantastical myths of stock market investment is the concept that markets anticipate events. Essentially the theory is that markets are an enormous, forward looking discounting mechanism.
This concept was wrongly attributed to Ben Graham after the appearance in 1934 of his first ...Already a subscriber? Login
-
Latest news from Equity
-
Learning Curve: The Settlement Discipline Regime and the sell side
03.45 PM -
Investors cheer as pandemic forces IPO acceleration
03.30 PM -
Pet drug maker Dechra Pharma raises £134m in placing
11.15 AM -
China Vanke nets HK$7.9bn from primary placement
11.15 AM -
NetEase follows Alibaba’s lead with secondary listing in HK
11.00 AM
-
-
Latest news from Equity
-
Learning Curve: The Settlement Discipline Regime and the sell side
03.45 PM -
Investors cheer as pandemic forces IPO acceleration
03.30 PM -
Pet drug maker Dechra Pharma raises £134m in placing
11.15 AM -
China Vanke nets HK$7.9bn from primary placement
11.15 AM -
NetEase follows Alibaba’s lead with secondary listing in HK
11.00 AM
-
