Episode 13 - Understanding Market Pricing

May 30, 2017

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.

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