Michael Mauboussin - The Prime Directive, Sharks, and the Wisdom and Whims of the Collective

This webcast link is from CFA Institute. In this webcast, Michael J. Mauboussin discusses the following:

• The metrics of market efficiency: mean–variance efficiency and arbitrage opportunities.
• Necessary conditions for an efficient market: diversity, incentives, and mechanisms for aggregations.
• Diversity breakdowns and other market malfunctions.

This webcast comprises a 51-minute presentation and a 9-minute question-and-answer session.

Webcast Link