Financial Markets Lessons

Notable academic theories | 16:20

Description: This Financial Markets lesson provides a high-level overview of important academic financial theories. They're important because, not only do these academic theories dominate modern finance, these academic theories more or less invented modern finance. But, as you'll see, they and their masters have limitations.

Lesson Highlights:

  1. Efficient market hypothesis
  2. Black-Scholes formula
  3. Alpha & beta
  4. Prophet vs profit motive
  5. When genius fails