Skill vs. Luck in Wall Street
Investors are largely powerless in determining the degree to which an analyst’s results are a function of skill—and how much they are attributable to plain luck.
Tag: Wall Street
Lessons from the New Dodd-Frank Financial Regulatory Reform Law
The path to the new Dodd-Frank Wall Street Reform and Consumer Protection Act echoes that of another controversial business reform law, the Sarbanes-Oxley Act of 2002. What can be learned from these two laws and the business scandals that prompted them?
An Alternative Way to Manage Equity Portfolios
Research on investment strategies to counterbalance the current negative conditions for traditional beta investing.
Learning to Love Financial Market Barbarians
An examination of the important role of traders, urging caution in calling for new regulations when financial markets undergo disruptions.