Open Yale CoursesECON 252: Financial MarketsLecture 14 - Guest Lecture by Andrew Redleaf<< previous session| next session >>Overview:Andrew Redleaf, a Yale graduate and manager of Whitebox Advisors, a hedge fund, discusses his experiencewith financial markets. He addresses one of the fundamental questions in finance--whether or not markets areefficient--and concludes that although they don't seem to be efficient, beating the market is very difficult. Mr.Redleaf discusses his thoughts about psychological barriers that make markets inefficient. He also commentson his beliefs regarding risk management and how people are compensated for mitigating risks, rather thanfor taking on risk as is often perceived. He ends by answering several questions from students.
This is the end of the preview.
access the rest of the document.