random walk theory
1 statements across 1 episodes · 0 bullish · 0 bearish · 1 people on the record · first statement Nov 4, 2022 by Michael Mauboussin · across every show →
Everything said about random walk theory, oldest first
Nov 4, 2022 neutral
Mauboussin: Financial Market Volatility Empirically Clusters in Bunches
“Empirically in finance, we know that's not true. That we know that volatility and shocks tend to come in bunches, right? So, so you get quiet periods interspersed with periods of great volatility, then quiet and volatility and so forth.”