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Myths of Financial Theory and Emerging Markets

Enterprising Investor
Enterprising Investor
Episode • Nov 7, 2014 • 12m

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.