Stock Markets, Stocks’Valuation: the case of Facebook and how to become very wealthy at a young age

报告人简介：Marco Bonelli，美国克拉克大学教师，合肥工业大学-美国克拉克大学国际经济与贸易（中外合作办学）专业美方授课教师，主要讲授《World Economics》等课程，并从事货币银行学等方面的研究。

报告题目：Stock Markets, Stocks’Valuation: the case of Facebook and how to become very wealthy at a young age

报告时间： 2018年5月30日

报告人观点：Stock valuation, defined broadly, is a belief about future cash flows and investment risks that is not justified by the facts at hand. The question is no longer whether investor sentiment affects stock prices, but how to measure investor sentiment and quantify its effects. One approach is "bottom up," using biases in individual investor psychology, such as overconfidence, representativeness, and conservatism, to explain how individual investors under-react or over-react to past returns or fundamentals. The investor sentiment approach that the lecturer developed in his studies is, by contrast, distinctly "top down" and macroeconomic.