Excess Returns – Philosophy and Psychology

Excess Returns
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2 Responses

  1. Thanks Mike, excellent overview and super-detailed. I skimmed it to be honest, but even a skim was enough to be reminded of the many reasons why market value does not equal intrinsic value.

    • Mike Rawson says:

      Thanks John. Yes, I’m afraid I got carried away – I think it’s a bit too detailed. I’ll revisit when I have time and thin it down or split it into two posts.

      I think I was in too much of a rush to get past the groundwork, and into the meat of how the greats beat the market.

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Excess Returns – Philosophy and Psychology

by Mike Rawson time to read: 11 min