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Three economists won the 2013 Nobel Prize in Economics for showing that short term share prices cannot be predicted: There is no way to predict
Three economists won the 2013 Nobel Prize in Economics for showing that short
term share prices cannot be predicted:
There is no way to predict whether the price of stocks and bonds will go up or down
over the next few days or weeks," the Royal Swedish Academy of Sciences said in
awarding the 2013 Nobel Prize in Economic Science. It continued: "But it is quite
possible to foresee the broad course of the prices of these assets over longer time
periods, such as, the next three to five years.
Discuss the implication to financial statement analysis.
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