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Fooled By Randomness CastleGate Capital Company
Financial Markets Brief Introduction To Some Aspects
What Is A Good Investment ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
What is the market? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
What is value ,[object Object],[object Object],[object Object]
Components of a stock’s value
Indicators Method For Avoiding Madness
Indicators as Anchors ,[object Object],[object Object],[object Object],[object Object]
Simple Indicators ,[object Object],[object Object],[object Object],[object Object],[object Object]
Metal Stock Vs Price Indicator ,[object Object],[object Object],[object Object],[object Object]
Indicators Of Transition ,[object Object],[object Object],[object Object],[object Object]
Complex Indicators
Where Money Will Flow Next
The Reality Of Complexity If You Not Inside, You Are Outside
Conflict Of Interest ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Broker Performances ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Top Broker’s Predictions: ENAM
Enam Downside
Top broker’s predictions: SSKI
Mutual Funds ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Derivatives ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Dangers Of Derivatives ,[object Object],[object Object]
Options: If you can’t calculate this you are gambling on slim chance
Psychology Of Finance Sins Of Fund Management
Folly Of Forecasting ,[object Object],[object Object]
Experiments
The Point Being ,[object Object],[object Object],[object Object]
Past Versus Future Earnings
The Illusion Of Knowledge ,[object Object],[object Object],[object Object],[object Object],[object Object]
Experiments
Davis Et Al (1994) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Knowing Management Helps ,[object Object],[object Object],[object Object],[object Object]
The Overoptimistic Manager
Confirming To The Manager ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Obeying Authority ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Telling Deception ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Overtrading: Myopia Of Short Termism ,[object Object],[object Object],[object Object],[object Object]
Fire The Fund Manager
Believing What You Read ,[object Object],[object Object],[object Object],[object Object]
On Belief Systems ,[object Object],[object Object],[object Object],[object Object]
Conclusion ,[object Object],[object Object],[object Object],[object Object]

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