How Practical Is Behavioural Finance?
In my recent editorials, I discussed the market efficiency (or lack of it). I discussed the various hypotheses that academics teach their students. The Global Financial Crisis created doubts in what the theories and hypotheses claimed for decades. We now enter an era of doubt on what makes the market move up or down in a rational (or irrational) way.
We can ask ourselves if there is anything that can help investors beat the market. If ...Continue Reading →