Meetup : Canberra: The Efficient Market Hypothesis

post by DanielFilan · 2015-07-13T04:01:59.618Z · LW · GW · Legacy · None comments

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  Discussion article for the meetup : Canberra: The Efficient Market Hypothesis
  Discussion article for the meetup : Canberra: The Efficient Market Hypothesis
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Discussion article for the meetup : Canberra: The Efficient Market Hypothesis

WHEN: 24 July 2015 06:00:00PM (-0700)

WHERE: 57 McKinlay Place, Narrabundah

Note the new location! Also, date and time for this might be off since I am posting from San Francisco: it should be at 6:00 pm on Friday the 24th of July.

What is the Efficient Market Hypothesis, is it supported by market data, and what are its implications for ordinary people looking to invest their spare cash? Rémy Hamilton-smith will tell us as we eat vegan snacks at his place.

For more detail on the talk: "Since the 80s the growing consensus among academics (though still hotly debated among practitioners) is that the major stock and security markets in developed countries are relatively efficient. This is because huge multinational investment banks can detect and take advantage of the slightest mispricings extremely quickly, making them disappear. They achieve this speed using automated trading programs and have been known to physically move their office next door to the stock exchange in order to get the lowest possible ping.

Thus from the point of view of everyone else this leads to the Efficient Market Hypothesis, which states that it is not possible to predictably ‘beat the market’. In this talk I'll discuss the EMH more formally as well as where it might suggest we should be investing our spare cash."

General meetup info:

  • If you use Facebook, please join our group.
  • Structured meetups are (usually) held on the second Saturday and fourth Friday of each month from 6 pm until late.

Discussion article for the meetup : Canberra: The Efficient Market Hypothesis

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