About the Scholar: Kevin Li grew up in the United States and attended Naperville North High School in Naperville, Illinois
The “efficient market theory” hypothesizes that professional investors at major financial institutions are less prone to make trades influenced by emotion than individual “noise traders” and retail investors. Kevin observes that the collapse of the tech bubble showed that this theory “became null and void during the bubble.” His paper identifies two major factors that hampered professionals from doing their job: the consistent overvaluation of potential earnings, failing to value stocks fairly; and the failure to rein in the volatility of trading. The conclusion is that market professionals acted from emotion, despite guidelines meant to prevent such behavior.
Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts. Separated they live in Bookmarksgrove right at the coast of the Semantics, a large language ocean. A small river named Duden flows by their place and supplies it with the necessary regelialia. It is a paradisematic country, in which roasted parts of sentences fly into your mouth.