Before getting into the 10 Steps to Better Investment Experience, it is important that we understand market pricing. How do we understand it? Think about a pencil. In 1958, Leonard E. Reed published an essay about the combination of miracles just needed to create a pencil. We can relate that to the work of Eugene Fama called the Efficient Market Hypothesis. Fama wrote that professional investors trying to beat the market through stock picking always had a poor record. Why a pencil? This podcast teaches you the correlation between a pencil and the stock market, and how it helps us understand market pricing better.
May 30, 2017