ECON 252: Financial Markets
Lecture 14 - Guest Lecture by Andrew Redleaf. Andrew Redleaf, a Yale graduate and manager of Whitebox Advisors, a hedge fund, discusses his experience with financial markets. He addresses one of the fundamental questions in finance - whether or not markets are efficient - 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 comments on his beliefs regarding risk management and how people are compensated for mitigating risks, rather than for taking on risk as is often perceived. He ends by answering several questions from students. (from oyc.yale.edu)
| Lecture 14 - Guest Lecture by Andrew Redleaf |
| Time | Lecture Chapters |
| [00:00:00] | 1. The Markets Are Not Efficient |
| [00:10:15] | 2. Psychological Factors of Market Inefficiency |
| [00:25:57] | 3. Rewards Are for Risk-Mitigating, Not Risk-Taking |
| [00:33:14] | 4. Issues in the Current U.S. and Global Economies |
| [00:43:41] | 5. Questions: Cash and Bonds as Default Investments |
| [01:04:35] | 6. Speculating on Backdated Options |
| References |
| Lecture 14 - Guest Lecture by Andrew Redleaf Instructor: Professor Robert J. Shiller. Transcript [html]. Audio [mp3]. Download Video [mov]. |
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