Now I know why the CAPM model is so popular among professors in university; they know that students do not memorise the formula , and they like to set it as an exam question to torture the students!
Truthfully, Eugene Fama's random walk theory never appeal to me because i think there is structured chaos in the market ( you guessed it right... i have a bias towards technical analysis based trades!) and I love George Soros's "indeterminacy" when faced with imperfect information.
Get behind the scenes with this book as have a good laugh!
I love the part on " looking after relatives" the best...( pg 137)...
..."Son, you can't make money when you lose money. What kind of an idiot are you?"...
The asset consultant was trying to justify that he was up 3%... because the benchmark was down 48%, and he was only down 43%...
Hmmm... sounds familiar ? ( to those who have bought units trusts before? he..he... index down 20%, the fund is only down 10%... overperform by 10%!....shssssh....)
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