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| Subject: William Sharpe William Forsyth Sharpe (born June 16, 1934) is the STANCO 25 Professor of Finance, Emeritus at Stanford University’s Graduate School of Business and the winner of the 1990 Nobel Memorial Prize in Economic Sciences. Post Modern Security Analysis By John Schroy, on August 1st, 2009 |  One comment  Security Analysis is the study of facts about negotiable instruments for the purpose of determining whether a particular instrument is appropriate for a specific investor at a particular time and the intrinsic value of the security compared to its market price, if any. The technique has evolved over time with the changing nature of information. In the 21st century, with a flood of open source information and increasingly complex, global markets, new approaches are necessary. August 1st, 2009 | Print Article |  Email Article |  Topics: Benjamin Graham, Bernard Madoff, Black and Scholes, common stock legend, David Dodd, efficient market hypothesis, ERISA, Eugene Fama, gold standard, Graham & Dodd, Harry Markowitz, John Burr Williams, Miller and Modigliani, Moody's, Paul Krugman, Post Modern Security Analysis, Richard Nixon, SEC Rule 10b-18, Standard & Poor's, The Economist, US SEC, W.D. Gann, Warren Buffett, William Sharpe | Category: New Economic Theory | One comment |  Short urlPost Modern Security Analysis By John Schroy, on July 28th, 2009 | Leave a comment  A pretense of scientific basis has weakened the usefulness of security analysis in the modern era. Fancy mathematics serve to cloud the minds of investors. The collapse of Long Term Capital Management and the Crash of 2008 were assisted by the injection of ‘junk science’ into investment decisions. Can (or should) security analysis be considered ’scientific’? July 28th, 2009 | Print Article | Email Article | Topics: Benjamin Graham, Post Modern Security Analysis, Warren Buffett, William Sharpe | Category: Security Analysis | Leave a comment | Short urlMorningstar ratings By John Schroy, on May 28th, 2006 | Leave a comment  Mutual funds are sold primarily on the basis of ‘performance’ measured by historical ‘total return’. The famous Morningstar ’star’ rating system is based on ‘total return’, in this case ‘risk-adjusted total return’ relative to funds of the same asset category. A general’s stars are a clear indication of rank. People presume that ‘five stars’ are better than ‘three stars’, just as they presume that a ‘five star general’ is higher ranked than a ‘three star general’. May 28th, 2006 | Print Article | Email Article | Topics: Baby Boomers, capital flow analysis, efficient market hypothesis, investment advisor, Morningstar, mutual funds, Nobel prize in economics, risk, Total Returns, US SEC, William Sharpe | Category: US SEC | Leave a comment | Short urlFeatured articles on inside pages
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