Archive for July 13th, 2011

For A Random Walk Down Main Street

For A Random Walk Down Main Street
"Beware of geeks carrying calculators" ~Warren Buffet Most finance majors at MBA programs during the 1980's, were introduced to Modern Portfolio Theory. We were taught about efficient markets and introduced to the Random Walk notion that stock prices in the public markets were efficient and factored in all available information such that their purchase or sale represented a zero net… read more →