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

Michael MauboussinThis 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

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