Cover image for Beast on Wall Street : how stock volatility devours our wealth
Beast on Wall Street : how stock volatility devours our wealth
Haugen, Robert A.
Personal Author:
Publication Information:
Upper Saddle River, N.J. : Prentice Hall, [1999]

Physical Description:
xiii, 144 pages : illustrations ; 23 cm
Format :


Call Number
Material Type
Home Location
Central Library HG4915 .H378 1999 Adult Non-Fiction Non-Fiction Area

On Order



Shows how price-driven volatility explains many of the mysteries associated with stock price behavior. Covers the excess volatility problem of Shiller; the equity premium puzzle of Mehra and Prescot; the private information hypothesis of French and Roll; and shows why professionals have a difficult time beating the market. Portfolio Managers, Brokers, and Investment Bankers.

Table of Contents

Prefacep. vii
Part I The Seven Mysteries of the Stock Marketp. 1
The 1st Mystery Stock Prices Are Too Volatilep. 1
The 2nd Mystery Stock Volatility Is Too Unstablep. 1
The 3rd Mystery Noise in the Market--Silence on the Streetp. 17
The 4th Mystery The Silence after the Closing Bellp. 26
The 5th Mystery Going Global Extends the Length of Your Trading Day and the Risk of Your Stockp. 34
The 6th Mystery The Case of the Vanishing Volatilityp. 40
The 7th Mystery Stocks Selling Cheap--the Strange Behavior of Closed-End Investment Companiesp. 46
Part II Nineteen-Thirtyp. 59
Fat Catsp. 59
The Eastern Expressp. 65
Bulletsp. 71
What's This Truman Loomin'?p. 88
Premonition of Doomp. 90
Tower of Powerp. 95
Operation Poison Pillp. 106
Bad Fellow Bellowp. 109
Epiloguep. 122
Part III Solutionsp. 125
Synthesisp. 125
Implicationsp. 131
Final Wordsp. 141

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