Subscribe: RSS
  • Biotechnology
  • Cities
  • Climate change
  • Credit crisis
  • currencies
  • Energy
  • Geopolitics
  • Globalization
  • Growth and productivity
  • Health Care
  • Innovation
  • Internet
  • job creation
  • marketing
  • Organization
  • Social Entrepreneurs
  • Social Innovation
Richard N. Foster and Juan M. Ocampo

Richard Foster is a managing partner of Millbrook Management. He is a former McKinsey director and co-leader of the private-equity practice.

Juan Ocampo is the president of Trajectory Asset Management and a former partner at McKinsey.

23 February 2009

Lying at the heart of the most common market theory—the efficient-market hypothesis—is the assumption that financial returns, including stock prices, are independent of one another. We now know without any doubt that this assumption is wrong.

Read more...

  • Comment on this articleComment [2]
  • Link to this articleLink to this
  • Bookmark and Share this article Share

Send an e-mail to let us know how we can make our site better.

Social Innovation: A What Matters Special Report: In Print January 2012 click here to request a free copy

Stanford Social Innovation Review

The Stanford Social Innovation Review is written for and by social change leaders in the nonprofit, business, and government sectors. Sample articles of particular interest to readers of What Matters are available  below.