finance
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Efficient Markets and Other Hypotheses
The stock market can somehow see the future. At 11:38 a.m. on January 28, 1986, the space shuttle Challenger launched, and about two minutes later… It took more than five months to conclude that the explosion was caused by the shuttle’s O-rings on the right solid fuel booster rocket, which was attributed to a company,…
adaptive market hypothesis, Andrew Lo, behavioral economics, Challenger explosion, efficient market hypothesis, EMH, Eugene Fama, finance, financial theory, index funds, investing, investor behavior, market anomalies, market bubbles, market information, market rationality, Morton Thiokol, passive investing, personal-finance, stock market, stock market efficiency, stock pricing, stocks, value investing -
What is the stock market?
The stock market originated in the 17th century, allowing individuals to fund expeditions in exchange for profits. It has experienced booms and busts but remains crucial for financing businesses and creating wealth. Stocks represent ownership in a company, offering profit shares and voting rights. They can be private or public and are regulated by the…
Body of Knowledge 