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Facts and Fictions in the Securities Industry

By: Sam Vaknin

...s has implications which are nothing short of revolutionary. Most of the financial theories we use to determine the value of shares were developed ... ...y was this oxymoron - the "earnings yield" - perpetuated? According to all current theories of finance, in the absence of dividends - shares are wo... ...on and re-investment - for present ones. The myth was born. Thus, financial market theories starkly contrast with market realities. No one buys sh... ...s little to do with its discounted future stream of dividends, as current financial theories teach us. But, if so, why the volatility in share price... ... patterns in share prices. Other sages - such as Elliott - put forth complex "wave theories". Technical analysts now regularly employ dozens of geo... ... bull markets." Overseas - mainly European - selling was an important factor. Some conspiracy theorists, such as Webster Tarpley in his "British Fi... ...ast The Enrons of the East Bully at Work - Interview with Tim Field The Economics of Conspiracy Theories The Industrious Spies The Business of Torture...

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