Investor Camps

Rachel E. S. Ziemba and William T. Ziemba
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Rachel E. S. Ziemba: Roubini Global Economics, UK
William T. Ziemba: University of British Columbia, Canada

Chapter 3 in Investing in the Modern Age, 2013, pp 25-32 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:The various efficient/inefficient market camps: Can you beat the stock market?Why Buffett wants to endow university chairs in efficient market theoryHow do investors and consultants do in all these cases?The importance of getting the mean rightErrors in Means, Variances and Covariances: EmpiricalConclusion: spend your money getting good mean estimates; use historical variances and covariances

Keywords: Hedge Funds; Sovereign Wealth Funds; Investment Agglomerations; Endowment Investing; Stock Market Crashes and Their Prediction; Global Economic Situation; Global Investment Strategies; Kelly and Fractional Kelly Wagering Strategies; Calendar Anomalies; Political Party; Time of Year Effects (search for similar items in EconPapers)
Date: 2013
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