Forecasting Long-Term Portfolio Returns: The Efficient Valuation Hypothesis

Capital Suites 7/8/9 │ Level 3

Niall Gannon
Private Wealth Advisor
The Gannon Group

Barbara S. Pettit, CFA, Moderator
Head, Curriculum and Learning Experience
CFA Institute

  • What is the “expectations gap,” and why does it matter?
  • Can earnings yields be predictive of future returns in an equity portfolio?
  • What does research tell us about the “random walk”?

Topical Track: Capital Markets