“When companies move their annual meetings a great distance from headquarters, they tend to announce disappointing earnings results and experience pronounced stock market underperformance in the months after the meeting. Companies appear to schedule meetings in remote locations when the managers have private, adverse information about future performance and wish to discourage scrutiny by shareholders, […]
Tag: stock
They simulated the stock picking abilities of ten million monkeys
Random accumulation and simulated monkeys figure quite deliberately in this two-part study (it parallels the recent findings of the Ig Nobel Prize-winning team who won their Ig for showing that promoting people at random can produce better results than promoting by other methods): “An evaluation of alternative equity indices. Part 1: Heuristic and optimised weighting […]
Religion Wards Off Stock Price Crashes, Sort Of
Writing with a clarity that appeals to certain accounting professors, two members of that profession tell how they discovered some sort of possible link between (A) some people being religious in certain ways; and (B) the risk of stock prices crashing for companies that technically have their corporate headquarters in the counties in which those […]
London to Edinburgh in 5 minutes
The journey between London and Edinburgh would be much quicker had the London and Edinburgh Vacuum Tunnel Company been allowed and able to build a breathtaking new piece of technology, back when land was cheap and all things seemed possible. The 29 January, 1825 issue of The Mechanics Register presents the scheme in detail: “The […]