korrents

market efficiency

What people on korrents have said about market efficiency, newest first — 3 positions from 2 people.

FilterEveryone, all time
Who Everyone CACliff Asness 2 NSNoah Smith 1
When All time Past 1 yearPast 3 yearsPast 5 years
  1. CA

    Cliff Asness quoted

    Our readingThe stock market has become less informationally efficient over the past thirty-plus years, particularly in the relative pricing of common stocks over medium horizons.

    Their wordsI argue that over the past 30+ years markets have become less informationally efficient in the relative pricing of common stocks, particularly over medium horizons.

    ↗The Less-Efficient Market Hypothesisaqr.com

    Interesting
  3. CA

    Cliff Asness quoted

    Our readingTechnology has made markets less efficient at long horizons rather than more efficient.

    Their wordsAbove I dismissed the notion that technological advances should make the market more efficient in all but the short-term sense. Here, I argue it likely goes the other way at longer horizons. And, IMHO, this is the best of my three hypotheses.

    ↗The Less-Efficient Market Hypothesisaqr.com

    Interesting
  4. 2 years earlier
  5. NS

    Noah Smith quoted

    Our readingStocks sustained by persistent online attention can stay overpriced for long periods, so overvaluation alone does not imply a near-term correction.

    Their wordsKnowing this research, I should have emphasized the possibility that Gamestop would stay overpriced for a long time.

    ↗Four things I got wrong since I started this blognoahpinion.blog

    Interesting