The Five Investor Camps that Try to Beat the Stock Market

William T. Ziemba

Chapter 2 in Handbook of Applied Investment Research, 2020, pp 3-16 from World Scientific Publishing Co. Pte. Ltd.

Abstract: This chapter categorizes investors into five groups. They are as follows: efficient markets, risk premium, genius superior traders, rejectors of efficient market theory, and those who use research to make superior risk adjusted returns. Successful investment involves estimation and optimization and these are discussed.

Keywords: Applied Investments; Financial Forecasting; Portfolio Theory; Investment Strategies; Fundamental and Economic Anomalies; Behaviour of Investors (search for similar items in EconPapers)
JEL-codes: G1 G11 G17 (search for similar items in EconPapers)
Date: 2020
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