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2016 | OriginalPaper | Buchkapitel

8. Level of Market Efficiency Using ‘Rational Bubbles’ Approach

verfasst von : Shveta Singh, P. K. Jain, Surendra Singh Yadav

Erschienen in: Equity Markets in India

Verlag: Springer Singapore

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Abstract

Warren Buffett, the legendary investor and fund manager, was quoted as stating: When the price of a stock can be influenced by a ‘herd’ on Wall Street, with prices set at the margin by the most emotional person or the most depressed person, it is hard to argue that the market always prices rationally. In fact, market prices are frequently nonsensical.

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Vorheriges Kapitel Volatility in Stock Returns

Nächstes Kapitel Concluding Observations

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Titel: Level of Market Efficiency Using ‘Rational Bubbles’ Approach
verfasst von: Shveta Singh
P. K. Jain
Surendra Singh Yadav
Verlag: Springer Singapore
Buch: Equity Markets in India
Print ISBN: 978-981-10-0867-2

Electronic ISBN: 978-981-10-0868-9

Copyright-Jahr: 2016
DOI: https://doi.org/10.1007/978-981-10-0868-9_8