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Managing complexity

By John Schroy, on August 26th, 2009 | Leave a comment
At one time, securities were relatively simple ...

Modern capital markets have become so complex that security analysis methods of the 1930s are no longer adequate.

Excessive, daunting complexity is the reason that security analysts must move now beyond Graham & Dodd.

Complexity is not only in financial information, but in collateral issues such as institutional operations, the interaction of foreign and domestic taxation, and structural risks.

August 26th, 2009 | Print Article | Email Article Email Article | Topics: , , , , , , , , , , | Category: New Economic Theory, featured | Leave a comment | Short url

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2010-08-13 13:07