Question

hi every body
i'm a italian student of business administration of university of calabria
and also i studied evalution and corporate finance... i would ask you if there is a paper of teacher damodaran that state the analisy the different approach in the financial market fundamental vs tecnhical analisys to return on the investment
thank you .. luigi

Answer 1

These are different approaches to investing, not to measuring investment returns. If that is what you are looking for, check out my book on investment philosophy or the online resources on the topic.

Answer 2

than very much for the response teacher... i will detect on your website..
SORRY, for the mistakes of written

Answer 3

dear teacher i red your " charting and technical analisys " and the article " the hidden language of the charts" about this investment approach.(opposite fundamental analisys).
About you (if i understood well) the accurancy of charts, pattners, and theory of elliot and so on... haven't the skills to predicte the changes of price in the financial markets.. AND the only way to estimate the price of financial stuments is fondamental analisys ...
BUT there are few (better traders) that basing of these struments forecast correctly the changes in the price and their capacity is higher in the short time..(in terms of odds)
So is it possible that in absence of fundamental release or news that the hypothesis of random walk isn't valid because the trader and only the rational investors (better traders wins ) using the technical analysis and more their use these approach is less the validity of this hypothesis...? and that explain the changes in the short time?
But only in the long time the better approach to investment is fundamental anylisys because the market tend to efficient.
thank you

Answer 4

It is possible.. but disproving the random walk is easy, Making money consistently off price patterns is much more difficult.

Answer 5

i'm a lot nosy.. :):)
is it possible to suppose if that the majority of investors are tecnhical ... then specific pattners ( triple bottom , head and shoulder, candlelisticks, resistance &support.. and so on..) will predicte an specific movement in the market and it will occurs.. because the ones believe in that...and for example for stocks is impossible that the price of market is a good proxy of economic value of firm..... is it possible a positive correlation beetween bias of economic value of firm and number technicians??