RE: re : securities analysis
Anecdotally (speaking as a fund manager) it 'feels' like the January effect is happening in Q4 as investors try and front run the January performance. David -Original Message- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]] On Behalf Of Bryan Caplan Sent: 05 April 2002 20:34 To: [EMAIL PROTECTED] Subject: Re: re : securities analysis William Dickens wrote: However, as I recall, the increase in expected returns that one gets by following such a strategy are measured in basis points, not percentage points as some advocates of this approach would suggest. So Bill, are you willing to stick your neck out regarding the January effect? Thaler says average ROR in January is 3.5%, versus an average of .5% for all other months. Is this another case of basis points being exagerated into percentage points? -- Prof. Bryan Caplan Department of Economics George Mason University http://www.bcaplan.com [EMAIL PROTECTED] Smerdyakov suddenly raised his eyes and smiled. 'Why I smile you must understand, if you are a clever man,' he seemed to say. Fyodor Dostoyevsky, *The Brothers Karamozov*
RE: Ph.D. proliferation
This is very ominous news indeed: fabio guillermo rojas: A consistent findng in the college major selection literature is that family background has a positive effect on choosing usless majors like philosophy or history, controlling for ability and vocational orientation. Thus, as we become wealthier as a society, we are more able to support children who pursue such uselss topics at the graduate level. Why, this could mean that the wealthy feel some sort of urge to preserve civilization! Michael Michael E. Etchison Texas Wholesale Power Report MLE Consulting www.mleconsulting.com 1423 Jackson Road Kerrville, TX 78028 830) 895-4005
RE: Ph.D. proliferation
orientation. Thus, as we become wealthier as a society, we are more able to support children who pursue such uselss topics at the graduate level. Why, this could mean that the wealthy feel some sort of urge to preserve civilization! Michael You are a very deluded person if you think the average English Ph.D. is in a rush to preserve civilization. I'm persuaded that half of them are dedicated opponents of standard written English. Fabio
