http://www.bayesianinvestor.com/blog/index.php/2009/07/04/confusing-sp-index-earnings-numbers/ Ramblings of a somewhat libertarian stock market speculator Sat, 07 Jan 2012 03:21:08 -0800 http://wordpress.org/?v=2.8.6 hourly 1 http://www.bayesianinvestor.com/blog/index.php/2009/07/04/confusing-sp-index-earnings-numbers/comment-page-1/#comment-42957 Peter McCluskey Sun, 05 Jul 2009 15:33:33 +0000 http://www.bayesianinvestor.com/blog/index.php/2009/07/04/confusing-sp-index-earnings-numbers/#comment-42957 I'll probably get around to that someday. Judging from his <a href="http://www.overcomingbias.com/2007/05/are_almost_all_.html" rel="nofollow">Overcoming Bias post on the subject</a>, I'll probably agree with most of his conclusions. His objections to CAPM seem clear enough that I don't need a whole book to convince me. I’ll probably get around to that someday. Judging from his Overcoming Bias post on the subject, I’ll probably agree with most of his conclusions. His objections to CAPM seem clear enough that I don’t need a whole book to convince me.

]]> http://www.bayesianinvestor.com/blog/index.php/2009/07/04/confusing-sp-index-earnings-numbers/comment-page-1/#comment-42953 jsalvati Sun, 05 Jul 2009 06:12:02 +0000 http://www.bayesianinvestor.com/blog/index.php/2009/07/04/confusing-sp-index-earnings-numbers/#comment-42953 Can I ask you to please review Eric Falkenstein's recent book, Finding Alpha about how CAPM fails empirically? I feel like his idea is a fairly big one (that the lack of a relationship between market risk and return implies investors care about relative wealth, not total wealth). He also has a paper on SSRN which is a condensed version of the book: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1420356 Can I ask you to please review Eric Falkenstein’s recent book, Finding Alpha about how CAPM fails empirically? I feel like his idea is a fairly big one (that the lack of a relationship between market risk and return implies investors care about relative wealth, not total wealth). He also has a paper on SSRN which is a condensed version of the book: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1420356

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