Myths of Financial Theory and Emerging Markets
Enterprising Investor · CFA Institute
November 7, 201412m 41s
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Show Notes
In episode #249, Jerome Booth argues that 80% of financial theory is not fit for purpose and describes how investors in the developed world cannot afford to ignore emerging markets. Proper asset allocation requires a strategic view about macro-economic forces, like funds flows, and geopolitical factors rather than traditional optimization models.