Billy Williams
Exploit Three Main Anomalies in the Efficient Market Hypothesis
Author and trader Billy Williams explains some anomalies in the Efficient Market Hypothesis that can sometimes be taken advantage of by stock investors.
Assessing the Value of the Efficient Market Hypothesis
Author and trader Billy Williams discusses how valuable the Efficient Market Hypothesis is for investors and what lessons we can take from it.
Buying and Selling Shares in the Electronic Age
The mechanics of the stock market have changed over the years, including the essentials of buying and selling. Electronic-age securities work differently from their past counterparts.
Assessing the Best Way to Manage a Company
Professional management ostensibly is supposed to act in the best interests of shareholders but it can pose a problem if executives make decisions in their own self-interest. For shareholders of McDonald’s, the CEO and the rest of the management team are expected to work to maximize the value of the company rather than to enrich […]
3 Reasons Why Shareholders Are Not Fit to Manage the Company They Own
25-year veteran trader Billy Williams explains why a company should not be managed by its shareholders, but actually by people who know about the industry and care about the business.