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

— Robert Haugen

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

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "Less volatile stocks tend to have negative abnormal profits; more volatile stocks tend to have positive abnormal profit…" by Robert Haugen?

Robert Haugen 13

American economist 1942–2013

Related quotes

“Firms that have a high BE/ME (a low stock price relative to book value) tend to have low earnings on assets. Conversely, low BE/ME (a high stock price relative to book value) is associated with persistently high earnings.”

Eugene Fama (1939) American economist and Nobel laureate in Economics

Source: Common risk factors in the returns on stocks and bonds, 1993, p. 8

“When profit diminishes, merchants are very apt to complain that trade decays; though the diminution of profit is the natural effect of its prosperity, or of a greater stock being employed in it than before.”

Adam Smith (1723–1790) Scottish moral philosopher and political economist

Source: (1776), Book I, Chapter IX

“Abnormal, adj. Not conforming to standards in matters of thought and conduct. To be independent is to be abnormal, to be abnormal is to be detested”

Ambrose Bierce book The Devil's Dictionary

The Devil's Dictionary (1911)

“We tend to think of the stock and bond markets as relatively recent historical phenomena, but, in fact, there have been credit markets since human civilization first took root in the Fertile Crescent.”

William J. Bernstein (1948) economist

Source: The Four Pillars of Investing (2002), Chapter 1, No Guts, No Glory, p. 6.

“An abnormal reaction to an abnormal situation is normal behavior.”

Viktor E. Frankl book Man's Search for Meaning

Source: Man's Search for Meaning (1946; 1959; 1984), p. 32 in the 1992 edition, ISBN 0807014265, Beacon Press

“In olden times gold was manufactured by science; nowadays science must be renewed by gold. We have fixed the volatile and we must now volatilize the fixed—in other words, we have materialized spirit, and we must now spiritualize matter.”

Eliphas Levi (1810–1875) French writer

Source: Transcendental Magic: Its Doctrine and Ritual

“Stocks that are selected conservatively and pay high cash dividends [higher than bonds] are, in fact, my favorite investment alternative, especially where there is the prospect of currency profits….”

Peter D. Schiff (1963) American entrepreneur, economist and author

Quotes from Crash Proof (2006)

“What is abnormal is that I am normal. That I survived the Holocaust and went on to love beautiful girls, to talk, to write, to have toast and tea and live my life — that is what is abnormal.”

Elie Wiesel (1928–2016) writer, professor, political activist, Nobel Laureate, and Holocaust survivor

After being asked "What does it take to be normal again, after having your humanity stripped away by the Nazis?" in an interview in O : The Oprah Magazine (November 2000)

“She was unique: there was something abnormal about her, and it was that abnormal something that made her magnetic.”

Ken Follett book The Pillars of the Earth

Source: The Pillars of the Earth

“Money is the measure of all things, and profit the primary goal. For the oppressors, what is worthwhile is to have more--always more--even at the cost of the oppressed having less or having nothing. For them, to be is to have.”

Paulo Freire (1921–1997) educator and philosopher

Pedagogia do oprimido (Pedagogy of the Oppressed) (1968, English trans. 1970)

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

Help us to complete the source, original and additional information

Robert Haugen 13

Related quotes

Related topics