Kevin Plank Quotes

The proposition is that prices reflect all available information, which in simple terms means since prices reflect all available information, there's no way to beat the market.

I don't entirely reject the idea of efficient markets. It needs updating.

Market timing doesn't work. If all the bubbles and all this mispricing really exist, how come so few people see it before it turns out that way?

The thing about markets, and I think the thing people don't understand about that, is markets are not kind, but they're very efficient. So when the marketplace determines an inefficiency in the system, it corrects that, and a market system that's left alone will reward good behavior and punish bad behavior.

Of course. I favor passive investing for most investors, because markets are amazingly successful devices for incorporating information into stock prices.

In college, I was told the market can't be beat.

The United States has the best, deepest, widest, and most transparent capital markets in the world which give you, the investor, the ability to buy and sell large amounts at very cheap prices. That is a good thing.

Free markets work better when information is available.

The one thing about markets is that they do not give any advance notice. If they did, they would be arbitraged away.

Remember that banks aren't markets. The market is amoral. The market doesn't care who you are. You're a trade to the market. The market will sell you if they think you're riskier.

Wise investors won't try to outsmart the market.

The efficiency, credibility, and liquidity of the financial markets have been foundational to the largest economy in the world.

Everybody has a different strategy, but everybody agrees that active management does not beat the market.

The United States has the most sophisticated financial markets in the world, which does not leave much room to maneuver. But it also offers investors the greatest access to information and the ability to execute trades quickly and efficiently. So it is a mixed bag of opportunity.

Your normal Wall Street big-swinging Richard has enough of a lingering moral compass to at least tell himself that his wizardry benefits somebody or something besides himself. You know, his cleverness makes capital markets more efficient. It provides credit to productive enterprise. Whatever.

The whole market mechanism and its evolution is something that, I'm kind of of the Buffett School. You know, if I see a derivative, I run the other way.

In an efficient market, at any point in time, the actual price of a security will be a good estimate of its intrinsic value.

More and more investors may be coming into markets everywhere but that doesn't mean that the markets are really getting more and more efficient, even in the United States. It does mean that there is more access for savvy investors who watch the money flows.

You have a class of investors and you have a class of speculators. The speculators historically haven't been big enough to cause the investors to doubt the long-term vision of stock.

You know what term you don't hear anymore? Arbitrage. The markets have gotten too efficient.

Part of my advantage is that my strength is economic forecasting, but that only works in free markets, when markets are smarter than people. That's how I started. I watched the stock market, how equities reacted to change in levels of economic activity, and I could understand how price signals worked and how to forecast them.

Successful investing is anticipating the anticipations of others.

Arbitrage proof has since been widely used throughout finance and economics.

There's no statistical evidence that human beings have an ability to move in and out of the markets effectively. It's next to impossible.

Short-sellers perform a useful function in the market as conduits of negative information, and shorts often complain that they are discriminated against by regulators.