Article | Journal of Business | July 1981

On Market Timing and Investment Performance Part I: An Equilibrium Theory of Value for Market Forecasts

by Robert C. Merton

Keywords: Investment; Performance; Theory; Value; Forecasting and Prediction; Markets;

Citation:

Merton, Robert C. "On Market Timing and Investment Performance Part I: An Equilibrium Theory of Value for Market Forecasts." Journal of Business 54, no. 3 (July 1981): 363–406.