The Random Walk and Beyond: An Inside Guide to the Stock Market
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品牌: Mark A. Johnson
基本信息出版社:John Wiley & Sons; 1 (1988年3月23日)精装:246页正文语种:英语ISBN:0471632236条形码:9780471632238商品尺寸:16 x 2.5 x 23.7 cm商品重量:508 gASIN:0471632236商品描述内容简介This guide to modern investment theory gives the evidence for and against it, and shows how to translate theory into practical investment strategies. It explains the "random walk" or Efficient Market Hypothesis most investment professionals accept without question, and describes its strengths and weaknesses - and how investors can take advantage of the areas in which it is not true to earn greater profits without increased risk. The book also examines concepts of value, how the numbers can lie, diversification, market risk, out-of-favour stocks, little stocks, and market timing.目录APPROACHING THE MARKET.What′s the Problem?The Game: The Players, the Field, the Yardsticks, the Scores.NumbersCanLie.Concepts of Value.THE EFFICIENT MARKET.The Great Debate: Is the Market Unbeatable?Testing the Theory.RISK, REWARD, AND YOU.Risk: The Price of Market Success.Diversification: Safety in Numbers.Market Risk.THE INEFFICIENT MARKET.Out–of–favor Stocks: The Last Shall Be First.Little Stocks: Is Ignorance Bliss?Still More Anomalies.THE REAL STOCK MARKET.What′s Really Going On?Risk Again: It′s About Time.Market Timing.Facing Reality.Mutual Funds: The Perfect Solution?
