3min chapter

Animal Spirits Podcast cover image

Talk Your Book: Investing in Human Capital

Animal Spirits Podcast

CHAPTER

How to Measure the Stock Market's Performance?

David Mandlebrot has a greay quot he said, patterns of the fools of financial markets. Could we measure at stock market level performance of very different companies and how they treat their employees? And would that be a predictor of alpha? We found lots of good data that actually had quite good predictive power in terms of what would happen to stock market performance. So for example, let me ask you, michael and bend, what do you think salary companies who pay people better, do they have immeasurable improvement in alpha? Yes, ben, is such a questionwhy? My brain says yes, my heart says, nowa this is a guy who either can't commit

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