Finance's Wrong Turns: A New Foundation for Financial Markets, Asset Management, and Social Science

by Richard O. Michaud

Book Overview

There is a foundational crisis in financial theory and professional investment practice: There is little, if any, credible evidence that active investment strategies and traditional institutional quantitative technologies are able to provide superior risk-adjusted, cost-adjusted return over investment relevant horizons.

Economic and financial theory has been in error for more than fifty years and is the fundamental cause of the persistent...

• Format: Paperback
• Language: English
• ISBN: 3031218655
• ISBN13: 9783031218651
• Release Date: December 2023
• Publisher: Palgrave MacMillan
• Length: 138 Pages
• Weight: 0.51 lbs.
• Dimensions: 0.3" x 6.1" x 9.2"