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Author: Walter Thornton Ray
Publisher:
ISBN:
Category : Speculation
Languages : en
Pages : 98
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Book Description
Author: Walter Thornton Ray
Publisher:
ISBN:
Category : Speculation
Languages : en
Pages : 98
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Book Description
Author: Edward F. Mrkvicka, Jr.
Publisher: Irwin Professional Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 224
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Book Description
Author: B. Mark Smith
Publisher: Macmillan
ISBN: 0374281777
Category : Business & Economics
Languages : en
Pages : 358
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Book Description
Traces the evolution of popular theories of stock market behavior, showing how they have become widely accepted over time and clarifying some of those them.
Author: David F. DeRosa
Publisher: CFA Institute Research Foundation
ISBN: 1952927110
Category : Business & Economics
Languages : en
Pages : 206
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Book Description
The presence of speculative bubbles in capital markets (an important area of interest in financial history) is widely accepted across many circles. Talk of them is pervasive in the media and especially in the popular financial press. Bubbles are thought to be found primarily in the stock market, which is our main interest, although bubbles are said to occur in other markets. Bubbles go hand in hand with the notion that markets can be irrational. The academic community has a great interest in bubbles, and it has produced scholarly literature that is voluminous. For some economists, doing bubble research is like joining the vanguard of a Kuhnian paradigm shift in economic thinking. Not so fast. If bubbles did exist, they would pose a serious challenge to neoclassical finance. Bubbles would contradict the ideas that markets are rational or work in an informationally efficient manner. That’s what makes the topic of bubbles interesting. This book reviews and evaluates the academic literature as well as some popular investment books on the possible existence of speculative bubbles in the stock market. The main question is whether there is convincing empirical evidence that bubbles exist. A second question is whether the theoretical concepts that have been advanced for bubbles make them plausible. The reader will discover that I am skeptical that bubbles actually exist. But I do not think I or anyone else will ever be able to conclusively prove that there has never been a bubble. From studying the literature and from reading history, I find that many famous purported bubbles reflect inaccurate history or mistakes in analysis or simply cannot be shown to have existed. In other instances, bubbles might have existed. But in each of those cases, there are credible rational explanations. And good evidence exists for the idea that even if bubbles do exist, they are not of great importance to understanding the stock market.
Author: J. Patrick Raines
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 200
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Book Description
The recent global financial crisis and role of the stock market led to many questioning how the international financial system operates. The authors of this book offer insights into these issues, contrasting speculative explanations with the efficient markets hypothesis.
Author: B. Mark Smith
Publisher: Farrar, Straus and Giroux
ISBN: 1429930888
Category : Business & Economics
Languages : en
Pages : 464
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Book Description
The True History, and Dangerous Myths, of the Modern Stock Market. The stock market is big news now, influencing every aspect of the modern economy. Accepted wisdom has it that the market will provide retirement security for anyone willing to diligently save and invest. Yet many people can remember a time when the stock market was little more than a primitive insiders' game, viewed by most Americans with skepticism and suspicion. In Toward Rational Exuberance, B. Mark Smith, a professional stock trader with two decades of practical experience, tells the fascinating story of how this stunning transformation occurred. Smith traces the evolution of popular theories of stock market behavior, showing how they have become widely accepted over time. He also clarifies some of these theories -- such as the notion that the market is often susceptible to speculative "bubbles" that will inevitably burst -- and explains how they are based on faulty interpretations of market history. The central thesis of Toward Rational Exuberance is that the modern stock market is the product of a dynamic evolutionary process; it cannot be predicted by extrapolating arbitrary historical standards into the future. It is only by understanding the way the modern market has been created that today's investor can begin to understand the market itself.
Author: Henry Howard Harper
Publisher:
ISBN:
Category : Speculation
Languages : en
Pages : 134
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Book Description
Author: Algernon Ashburner Osborne
Publisher:
ISBN:
Category : Speculation
Languages : en
Pages : 186
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Book Description
Author: Algernon Ashburner Osborne
Publisher:
ISBN:
Category : Speculation
Languages : en
Pages : 188
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Book Description
Author: Charles Henry Dow
Publisher:
ISBN:
Category : Speculation
Languages : en
Pages : 108
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Book Description
