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From the day in 1995 when I discovered how unreliable and inaccurate the Normal distribution (bell-curve) is when being applied to the stock market movement as a statistical model, I started to question the financial industry’s academic foundation. What Wall Street has been using are all the derived capital market measures from the modern portfolio theory. They are just emergent ideas. They are all built on unrealistic and oversimplified assumptions on their roots and thus can be so easily misused to make the theory superficial and flawed, even to cause a financial crisis.
My original goal of this new dimension of financial market research is to discover the scientific phenomena governing each trading tick’s movement (similar to atoms in physics). Since 1996, I have captured my findings through the framework named the Capital Market Behavior Theory (CMBT). These new scientific discoveries have been validated by real-time market data for over 20 years. I am thrilled to pronounce that we can pinpoint the actual fundamental ingredients that formulate our investment concepts of return and risk. |
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Your feedback is welcome.
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Dr. Charlie Q. Yang's Capital Market Behavior Theory Presentation
Capital Market Crisis and Economic Trend Predictability
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cqyang@gmail.com
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phone |
310-528-5511
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Address |
P. O. Box 3822
Palos Verdes Estates, CA 90274 |