Book HackAdaptive MarketBy Andrew W. Lo
In a Nutshell
Adaptive Markets gives you a better understanding of how the movement of money in the world works by outlining the surprisingly organic characteristics of the market.
Favorite Quote
The wisdom of crowds is sometimes overwhelmed by the madness of mobs.
Andrew W. Lo
Introduction
Have you ever invested in stocks? You might have without even knowing it.
If you have a pension plan or other retirement savings, for example, then you have money in the market.
Do you remember how tough things were in 2008? Maybe you were looking for a job back then and found it difficult.
Banks and business owners rely heavily on overall economic health.
Even if you don't think it affects you, the world's economic health depends on markets staying healthy.
If you feel lost when it comes to finance, Andrew Lo's book Adaptive Markets: Financial Evolution at the Speed of Thought will help you get a grasp on the past, present, and future of the financial world.
Here are the 3 key insights from this Hack
- 1.A company’s stock price is usually an indication of its economic health
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