Robert Haugen citations

Robert Haugen était économiste américain.

✵ 26. juin 1942 – 6. janvier 2013
Robert Haugen: 13   citations 0   J'aime

Robert Haugen: Citations en anglais

“If we observe the performance of only those funds that remain active, we will tend to find that the average performance of the surviving funds exceeds that of the market.”

Source: The Inefficient Stock Market - What Pays Off And Why (1999), Chapter 6, Counterattack-The First Wave, p. 63 (See also: Survival bias)

“So you see, in the end, it is nearly certain that the power of prediction must triumph over the arrogance of elegance.”

Source: The Inefficient Stock Market - What Pays Off And Why (1999), Chapter 15, The Wrong 20-yard Line, p. 148

“In real-world Finance, they don't pay for elegance. They pay for power - predictive power.”

Source: The Inefficient Stock Market - What Pays Off And Why (1999), Chapter 13, Counterattack - The Second Wave, p. 129

“Less volatile stocks tend to have negative abnormal profits; more volatile stocks tend to have positive abnormal profits.”

Source: The Inefficient Stock Market - What Pays Off And Why (1999), Chapter 11, The Negative Payoff to Risk, p. 113

“CAPM also makes use of what is called a "definitional identity." This is something that is automatically true, simply because of the way things have been defined.”

Source: The Inefficient Stock Market - What Pays Off And Why (1999), Chapter 2, Estimating Expected Return with the Theories of Modern Finance, p. 16

“The cheapness family is the most powerful of the five.”

Source: The Inefficient Stock Market - What Pays Off And Why (1999), Chapter 10, The Positive Payoffs to Cheapness and Profitability, p. 105

“A comprehensive list of factors brings predictive stability and predictive stability and predictive power.”

Source: The Inefficient Stock Market - What Pays Off And Why (1999), Chapter 5, Predicting Future Stock Returns with the Expected-Return Factor Model, p. 56

“When you buy a lottery ticket, you don't know how tickets have been sold. But sold they have been. And there is an underlying distribution for the game.”

Source: The Inefficient Stock Market - What Pays Off And Why (1999), Chapter 3, Estimating Portfolio Risk and Expected Return with Ad Hoc Factor Models, p. 29

“The cheaper the stock, the better the outlook for future returns.”

Source: The Inefficient Stock Market - What Pays Off And Why (1999), Chapter 4, Payoffs to the Five families, p. 50

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