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Why would anybody bother debating let alone arguing with BNP Ralph ?
Toggle Commented Jul 18, 2017 on On BBC bias at Stumbling and Mumbling
I remember myself and another hedge fund manager bod who specialised in buying and selling equities day in day out having horrendous long-winded debates with a friend in Investment Banking/Corporate Finance about how CAPM was b.s. It's surprisingly quite hard getting through to people who want to believe a theory despite your practical observed experience being totally counter to their preconceptions. Cognitive Dissonance is strong when you can 'sell' a M&A transaction to the Board of a FTSE100 and make your bonus for the year in one transaction!
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Jul 18, 2017