PT  - JOURNAL ARTICLE
AU  - Olivier Mesly
TI  - A Historical Measure of Financial Predation in the U.S. Market
AID  - 10.3905/jwm.2015.18.1.074
DP  - 2015 Apr 30
TA  - The Journal of Wealth Management
PG  - 74--83
VI  - 18
IP  - 1
4099  - https://pm-research.com/content/18/1/74.short
4100  - https://pm-research.com/content/18/1/74.full
AB  - This article, theoretical in essence, complements two previous articles published in The Journal of Wealth Management (JWM) regarding the Consolidated Model of Financial Predation (CMFP). It expands further on the role of information and discusses in particular the key characteristics of a dynamic financial system: such a system engages two rival investors, each aiming at maximizing his financial gains. The author looks at financial predation in terms of asymmetry of information serving the egoistic goals of a few (predators). A U.S. historical predatory index (HPI) is developed and a vision of the future is proposed.TOPICS: In markets, financial crises and financial market history