Category: Eugene Fama
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Never Say Never
Cliff Asness, founder of AQR Capital Management, discusses his views on market efficiency. Asness recalls his experience in Eugene Fama’s efficient market theory class, where he learned that markets are not perfectly efficient, causing a gasp among students. He explains that while markets are more efficient than he believes, perfect efficiency is an unrealistic concept.…
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Lessons From the Best
Jack Schwager, author of “Market Wizards,” discusses his advice for aspiring traders in a series of YouTube interviews. He emphasizes the importance of risk management, setting stop losses, and being objective when making decisions to exit a trade. He also discusses Bruce Kovner, Michael Marcus, compares fundamental and technical trading, and indexes like the Magnificent…