tag:blogger.com,1999:blog-28086856.post114862292560916846..comments2024-03-20T01:42:13.273+08:00Comments on Eight percent per annum: Value investing in Singapore stocks: The Efficient Market Hypothesis (or EMH), its myth and realityJayhttp://www.blogger.com/profile/03292158817395898619noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-28086856.post-25524090807617614312007-02-07T11:39:00.000+08:002007-02-07T11:39:00.000+08:00Markets become more efficient when there are more ...Markets become more efficient when there are more players in the market, i.e. more pple diggin for information.<br /><br />Imagine that 10 pple are looking for coins in a big room vs 100 pple. It would be easier for any one of the 10 to find any coins right? If you are in the room with 100 pple, you have only a 1% chance to find a coin.Jayhttps://www.blogger.com/profile/03292158817395898619noreply@blogger.comtag:blogger.com,1999:blog-28086856.post-55179873307516848112007-02-06T13:52:00.001+08:002007-02-06T13:52:00.001+08:00how could you arrive at this statement:
in singapo...how could you arrive at this statement:<br />in singapore & with smaller markets, the efficiency is lower. For singapore, it maybe 60%, while for US it maybe 99%.<br /><br />I thought, with smaller market, the efficiency should be higher, since assumptions and predictions made are limited.Onehubsterhttps://www.blogger.com/profile/18000430993646229521noreply@blogger.comtag:blogger.com,1999:blog-28086856.post-12772214876426045332007-02-06T13:52:00.000+08:002007-02-06T13:52:00.000+08:00how could you arrive at this statement:
in singapo...how could you arrive at this statement:<br />in singapore & with smaller markets, the efficiency is lower. For singapore, it maybe 60%, while for US it maybe 99%.<br /><br />I thought, with smaller market, the efficiency should be higher, since assumptions and predictions made are limited.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-28086856.post-1149070387882169852006-05-31T18:13:00.000+08:002006-05-31T18:13:00.000+08:00I think the efficiency of the market is not a bina...I think the efficiency of the market is not a binary situation. It is not just 0: the market is inefficient, or 1: the market is efficient. <BR/><BR/>I would like to look at it as spectrum, i.e. the market is 10% efficient or 90% efficient. In Singapore, and with smaller markets, I think efficiency is lower. For Singapore maybe 60%. For the US, maybe 99%.Jayhttps://www.blogger.com/profile/03292158817395898619noreply@blogger.com