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13 results for “market failure”
Concept21 mentions across episodes
market failure
...across market cap, liquidity, geography, business model sector, and subsector. And you can very effectively identify them and begin to then triage them for suitability to your process. What are some of the characteristics of those inefficiencies that
16:30 / 17:37
from transcript16:30 – 17:37
...market was using a fact pattern to discount those securities, and now something has happened. And it's rendered that fact pattern obsolete or inoperable. Maybe it's permanent, maybe it's temporary, but perhaps there's an entry there to create a new f
17:09 / 18:20
from transcript17:09 – 18:20
...efficiency look pretty good. But it's not the it's it's just a it's just a hypothesis. It's not a literal truth. It's it's just an approximation to the world, but it worked really well for almost everybody.
13:25 / 14:22
from transcript13:25 – 14:22
...markets hypothesis changed at all over time? No. It hasn't really changed. It's adaptive in the sense that I never said that the market was efficient for everybody. Mhmm. There are, for example, there's lots of evidence, for example, that company ins
12:33 / 13:46
from transcript12:33 – 13:46
...market a long time ago that people need to spend a lot of money making something perfectly efficient on research, on time. And why are they gonna do that if it's perfectly efficient? They're not gonna make it perfectly efficient. They're gonna spend
10:29 / 11:34
from transcript10:29 – 11:34
...that markets have shown, and I think I have some good guesses as to why, that they are more susceptible to bouts of crazy than they used to be. Just before going further, one quick definitional question. Efficient markets. Because one way you could d
14:13 / 15:21
from transcript14:13 – 15:21
...to market accounting yet, but I have to introduce okay. So I'm Enron. I make a crap investment in your oil production project. And I say, I want you to exclusively trade the financial derivatives around all the natural gas flowing out of your product
59:08 / 1:00:21
from transcript59:08 – 1:00:21
...market investing is it just doesn't care about productivity really. I mean, it it does to some degree, but I just like you know, if you're in a large public company, like I was, you realize that the public markets really care about predictability ove
44:16 / 45:21
from transcript44:16 – 45:21
...is the market is what I wrote on in Cognitive Dissonance. And the reason that technology comes up is there's this general belief. It's often called a Whiggish belief. Whiggish is the force of history is gonna make everything better. That, hey, we get
50:10 / 51:18
from transcript50:10 – 51:18
...market in that sense, in in your present value sense, almost has to deliver bigger opportunities for people who can stick with it. It also makes it considerably harder to stick with Yeah. Because the extremes you have to live through and the length o
14:54 / 16:05
from transcript14:54 – 16:05
...market is becoming a little more inefficient over the last five years in real time. And why might that be? When we talked about the world becoming more efficient from indexing, one of the things that I don't think was often discussed is there was thi
38:48 / 40:02
from transcript38:48 – 40:02
to bring cash in the door since the operations are not actually producing a lot of real cash. So the flywheel sort of looks like pump the stock, issue more equity, take the cash from that new public fundraise that you've just done and shaken the Amer
1:17:55 / 1:19:19
from transcript1:17:55 – 1:19:19
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