... by decades of empirical academic evidence. Examples of such principles might be: trusting that prices are set to provide a fair expected return; recognizing the difference between investing and speculating; ...
... a Trillion Dollars of Stock Value Evaporates
October 2002: Nasdaq Hits a Bear-Market Low of 1,114
September 2005: Home Prices Post Record Gains
September 2008: Lehman Files for Bankruptcy, Merrill ...
... four important principles.
Securities Markets reflect the vast, complex network of information, expectations and human behavior. These forces drive prices to fair value. In other words, markets are ...