The evasive shareholder meeting manoeuvre

“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, […]

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 […]