Inefficient Market Theory: An Investment Framework Based on the Foolishness of the Crowd

Note moyenne 5
( 2 avis fournis par GoodReads )
 
9780692273944: Inefficient Market Theory: An Investment Framework Based on the Foolishness of the Crowd
Présentation de l'éditeur :

Efficient Market Theory is based largely on the concept of crowd wisdom – that a large group of people casting their collective votes in the stock market produces correct stock prices and hence an “efficient market.” However, we know from experience that the stock market is not entirely efficient, and sometimes produces wildly incorrect prices. This book explores the various criteria that are required for crowd wisdom to manifest in a financial marketplace, these being: 1) incentives; 2) independence; 3) diversity of opinion; 4) decentralization; 5) knowledge; and 6) rationality. A fundamental premise of this book is that a proper understanding of crowd wisdom criteria, and the ability to detect when these criteria are lacking in the market, is a significant benefit in identifying mispriced securities. In particular, this book explores the various behavioral and psychological biases that affect market participants, what we call the “Foolishness of the Crowd.” The predictability of this Foolishness, i.e., the predictability of these biases in a crowd setting such as the stock market, produces reliable offsets from crowd wisdom, i.e., stock mispricings. This book then proposes an investment framework based in part on the investor’s “inefficient rationale” – his articulated understanding, based on the above crowd wisdom criteria, as to exactly why the market is mispricing a particular stock. The investment framework also utilizes the wisdom from a select value investing crowd to both identify and help confirm good investment opportunities. The investor who adheres to this investment framework essentially places the full benefit of crowd wisdom and knowledge into his corner, including both the wisdom of the crowd and predictable departures from this wisdom.

Biographie de l'auteur :

Jeffrey C. Hood is the founder and co-manager of Austin Value Capital, a value-based investment fund.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Meilleurs résultats de recherche sur AbeBooks

1.

Jeffrey C Hood
Edité par Jeff Hood, United States (2014)
ISBN 10 : 0692273948 ISBN 13 : 9780692273944
Neuf(s) Paperback Quantité : 10
impression à la demande
Vendeur
The Book Depository US
(London, Royaume-Uni)
Evaluation vendeur
[?]

Description du livre Jeff Hood, United States, 2014. Paperback. État : New. 226 x 152 mm. Language: English . Brand New Book ***** Print on Demand *****. Efficient Market Theory is based largely on the concept of crowd wisdom - that a large group of people casting their collective votes in the stock market produces correct stock prices and hence an efficient market. However, we know from experience that the stock market is not entirely efficient, and sometimes produces wildly incorrect prices. This book explores the various criteria that are required for crowd wisdom to manifest in a financial marketplace, these being: 1) incentives; 2) independence; 3) diversity of opinion; 4) decentralization; 5) knowledge; and 6) rationality. A fundamental premise of this book is that a proper understanding of crowd wisdom criteria, and the ability to detect when these criteria are lacking in the market, is a significant benefit in identifying mispriced securities. In particular, this book explores the various behavioral and psychological biases that affect market participants, what we call the Foolishness of the Crowd. The predictability of this Foolishness, i.e., the predictability of these biases in a crowd setting such as the stock market, produces reliable offsets from crowd wisdom, i.e., stock mispricings. This book then proposes an investment framework based in part on the investor s inefficient rationale - his articulated understanding, based on the above crowd wisdom criteria, as to exactly why the market is mispricing a particular stock. The investment framework also utilizes the wisdom from a select value investing crowd to both identify and help confirm good investment opportunities. The investor who adheres to this investment framework essentially places the full benefit of crowd wisdom and knowledge into his corner, including both the wisdom of the crowd and predictable departures from this wisdom. N° de réf. du libraire APC9780692273944

Plus d'informations sur ce vendeur | Poser une question au libraire

Acheter neuf
EUR 14,23
Autre devise

Ajouter au panier

Frais de port : EUR 1,39
De Royaume-Uni vers France
Destinations, frais et délais

2.

Jeffrey C Hood
Edité par Jeff Hood, United States (2014)
ISBN 10 : 0692273948 ISBN 13 : 9780692273944
Neuf(s) Paperback Quantité : 10
impression à la demande
Vendeur
The Book Depository
(London, Royaume-Uni)
Evaluation vendeur
[?]

Description du livre Jeff Hood, United States, 2014. Paperback. État : New. 226 x 152 mm. Language: English . Brand New Book ***** Print on Demand *****.Efficient Market Theory is based largely on the concept of crowd wisdom - that a large group of people casting their collective votes in the stock market produces correct stock prices and hence an efficient market. However, we know from experience that the stock market is not entirely efficient, and sometimes produces wildly incorrect prices. This book explores the various criteria that are required for crowd wisdom to manifest in a financial marketplace, these being: 1) incentives; 2) independence; 3) diversity of opinion; 4) decentralization; 5) knowledge; and 6) rationality. A fundamental premise of this book is that a proper understanding of crowd wisdom criteria, and the ability to detect when these criteria are lacking in the market, is a significant benefit in identifying mispriced securities. In particular, this book explores the various behavioral and psychological biases that affect market participants, what we call the Foolishness of the Crowd. The predictability of this Foolishness, i.e., the predictability of these biases in a crowd setting such as the stock market, produces reliable offsets from crowd wisdom, i.e., stock mispricings. This book then proposes an investment framework based in part on the investor s inefficient rationale - his articulated understanding, based on the above crowd wisdom criteria, as to exactly why the market is mispricing a particular stock. The investment framework also utilizes the wisdom from a select value investing crowd to both identify and help confirm good investment opportunities. The investor who adheres to this investment framework essentially places the full benefit of crowd wisdom and knowledge into his corner, including both the wisdom of the crowd and predictable departures from this wisdom. N° de réf. du libraire APC9780692273944

Plus d'informations sur ce vendeur | Poser une question au libraire

Acheter neuf
EUR 14,24
Autre devise

Ajouter au panier

Frais de port : EUR 1,39
De Royaume-Uni vers France
Destinations, frais et délais

3.

Hood, Jeffrey C.
ISBN 10 : 0692273948 ISBN 13 : 9780692273944
Neuf(s) Quantité : > 20
impression à la demande
Vendeur
Books2Anywhere
(Fairford, GLOS, Royaume-Uni)
Evaluation vendeur
[?]

Description du livre 2014. PAP. État : New. New Book. Delivered from our UK warehouse in 3 to 5 business days. THIS BOOK IS PRINTED ON DEMAND. Established seller since 2000. N° de réf. du libraire IQ-9780692273944

Plus d'informations sur ce vendeur | Poser une question au libraire

Acheter neuf
EUR 9,30
Autre devise

Ajouter au panier

Frais de port : EUR 11,61
De Royaume-Uni vers France
Destinations, frais et délais

4.

Hood, Jeffrey C.
ISBN 10 : 0692273948 ISBN 13 : 9780692273944
Neuf(s) Paperback Quantité : > 20
impression à la demande
Vendeur
BargainBookStores
(Grand Rapids, MI, Etats-Unis)
Evaluation vendeur
[?]

Description du livre Paperback. État : New. This item is printed on demand. Item doesn't include CD/DVD. N° de réf. du libraire 8150606

Plus d'informations sur ce vendeur | Poser une question au libraire

Acheter neuf
EUR 9,94
Autre devise

Ajouter au panier

Frais de port : EUR 11,58
De Etats-Unis vers France
Destinations, frais et délais

5.

Hood, Jeffrey C.
ISBN 10 : 0692273948 ISBN 13 : 9780692273944
Neuf(s) Quantité : > 20
impression à la demande
Vendeur
PBShop
(Wood Dale, IL, Etats-Unis)
Evaluation vendeur
[?]

Description du livre 2014. PAP. État : New. New Book. Shipped from US within 10 to 14 business days. THIS BOOK IS PRINTED ON DEMAND. Established seller since 2000. N° de réf. du libraire IQ-9780692273944

Plus d'informations sur ce vendeur | Poser une question au libraire

Acheter neuf
EUR 10,45
Autre devise

Ajouter au panier

Frais de port : EUR 13,91
De Etats-Unis vers France
Destinations, frais et délais

6.

Jeffrey C Hood
Edité par Jeff Hood
ISBN 10 : 0692273948 ISBN 13 : 9780692273944
Neuf(s) Paperback Quantité : 20
Vendeur
BuySomeBooks
(Las Vegas, NV, Etats-Unis)
Evaluation vendeur
[?]

Description du livre Jeff Hood. Paperback. État : New. Paperback. 220 pages. Dimensions: 9.0in. x 6.0in. x 0.5in.Efficient Market Theory is based largely on the concept of crowd wisdom that a large group of people casting their collective votes in the stock market produces correct stock prices and hence an efficient market. However, we know from experience that the stock market is not entirely efficient, and sometimes produces wildly incorrect prices. This book explores the various criteria that are required for crowd wisdom to manifest in a financial marketplace, these being: 1) incentives; 2) independence; 3) diversity of opinion; 4) decentralization; 5) knowledge; and 6) rationality. A fundamental premise of this book is that a proper understanding of crowd wisdom criteria, and the ability to detect when these criteria are lacking in the market, is a significant benefit in identifying mispriced securities. In particular, this book explores the various behavioral and psychological biases that affect market participants, what we call the Foolishness of the Crowd. The predictability of this Foolishness, i. e. , the predictability of these biases in a crowd setting such as the stock market, produces reliable offsets from crowd wisdom, i. e. , stock mispricings. This book then proposes an investment framework based in part on the investors inefficient rationale his articulated understanding, based on the above crowd wisdom criteria, as to exactly why the market is mispricing a particular stock. The investment framework also utilizes the wisdom from a select value investing crowd to both identify and help confirm good investment opportunities. The investor who adheres to this investment framework essentially places the full benefit of crowd wisdom and knowledge into his corner, including both the wisdom of the crowd and predictable departures from this wisdom. This item ships from multiple locations. Your book may arrive from Roseburg,OR, La Vergne,TN. Paperback. N° de réf. du libraire 9780692273944

Plus d'informations sur ce vendeur | Poser une question au libraire

Acheter neuf
EUR 13,34
Autre devise

Ajouter au panier

Frais de port : EUR 12,01
De Etats-Unis vers France
Destinations, frais et délais

7.

Hood, Jeffrey C
Edité par Jeff Hood (2017)
ISBN 10 : 0692273948 ISBN 13 : 9780692273944
Neuf(s) Paperback Quantité : 20
impression à la demande
Vendeur
Murray Media
(North Miami Beach, FL, Etats-Unis)
Evaluation vendeur
[?]

Description du livre Jeff Hood, 2017. Paperback. État : New. This item is printed on demand. N° de réf. du libraire 0692273948

Plus d'informations sur ce vendeur | Poser une question au libraire

Acheter neuf
EUR 11,98
Autre devise

Ajouter au panier

Frais de port : EUR 18,54
De Etats-Unis vers France
Destinations, frais et délais

8.

Hood, Jeffrey C
Edité par Jeff Hood (2014)
ISBN 10 : 0692273948 ISBN 13 : 9780692273944
Neuf(s) Paperback Quantité : 1
Vendeur
Irish Booksellers
(Rumford, ME, Etats-Unis)
Evaluation vendeur
[?]

Description du livre Jeff Hood, 2014. Paperback. État : New. book. N° de réf. du libraire 0692273948

Plus d'informations sur ce vendeur | Poser une question au libraire

Acheter neuf
EUR 19,47
Autre devise

Ajouter au panier

Frais de port : EUR 11,13
De Etats-Unis vers France
Destinations, frais et délais

9.

Hood, Jeffrey C
Edité par Jeff Hood
ISBN 10 : 0692273948 ISBN 13 : 9780692273944
Neuf(s) PAPERBACK Quantité : > 20
Vendeur
Russell Books
(Victoria, BC, Canada)
Evaluation vendeur
[?]

Description du livre Jeff Hood. PAPERBACK. État : New. 0692273948 Special order direct from the distributor. N° de réf. du libraire ING9780692273944

Plus d'informations sur ce vendeur | Poser une question au libraire

Acheter neuf
EUR 13,96
Autre devise

Ajouter au panier

Frais de port : EUR 27,82
De Canada vers France
Destinations, frais et délais

10.

Hood, Jeffrey C
Edité par Jeff Hood (2017)
ISBN 10 : 0692273948 ISBN 13 : 9780692273944
Neuf(s) Paperback Quantité : 3
impression à la demande
Vendeur
Murray Media
(North Miami Beach, FL, Etats-Unis)
Evaluation vendeur
[?]

Description du livre Jeff Hood, 2017. Paperback. État : New. This item is printed on demand. N° de réf. du libraire P110692273948

Plus d'informations sur ce vendeur | Poser une question au libraire

Acheter neuf
EUR 32,76
Autre devise

Ajouter au panier

Frais de port : EUR 18,54
De Etats-Unis vers France
Destinations, frais et délais