Future securities prices are unpredictable
Monday, 14 May 2007
Several statistical studies have found that the price behaviour of securities, such as stocks, bonds and commodities, is indistinguishable from that of random numbers. Patterns in numbers occur, technicians attribute great significance to them, but they have no demonstrated persistence or predictive power. Over many decades, the prices of securities trend upward due to inflation and economic growth. Otherwise, future securities prices are unpredictable. However, selling predictions is a big and profitable business.
Categories: Research
posted by Murray Round Wealth Management @ 11:32,
The Authors
Nicholas Round
Nic is the Managing Director of Murray Round Wealth Management Limited, who seeks to ensure the advice provided is truly independent. Based in Shropshire with clients local, national and worldwide, Nic has strived to find the best possible service for his clients needs, by researching and studying the market, trends and philosophies. Nic strongly believes Asset Class Management will bring his clients Financial Freedom, Independence and Happiness.
Kirsty
Kirsty is our communication guru. Managing information requires considerable due diligence and her passion for organisation gives the clarity we all seek. From Shropshire, with a Psychology Degree and much travelling, she is now back in Shrewsbury...and London often, keeping us all at Murray Round focused.
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