Latest / The Rational Reminder Podcast
Who Causes Stock Market Anomalies? (w/ Victor Haghani) | #429
In this episode, we're joined by Victor Haghani, founder of Elm Wealth and co-author of The Missing Billionaires, for a wide-ranging conversation about how different types of investors shape financial markets. Victor explains the framework behind his forthcoming paper, Who Killed the Random Walk?, and how fundamental investors, static investors, and extrapolators interact to produce momentum, excess volatility, and other market anomalies.
We explore why return chasing is different from momentum investing, how investor flows and inelastic demand can move markets, and how the Merton share…
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