has long been assumed that in times of market bubbles, rational investors, which are able to on average, properly discount future cash flows of corporations or other financial assets are consumed by
of Directors’ Meeting No. 3/2018 of General Engineering Public Company Limited (“the Company”) held on date 24th April 2018 had the resolution of approval to delegate of authority to executive
in the company’s strategy and capital allocation. Risk should be managed accordingly in a rational, appropriately independent, dynamic and forward-looking way. This process of managing risks should be
entity(-ies) and sub-delegated entity(-ies), if any. Please use an enclosure if there is more than one entity. Name of a qualifying delegate and sub-delegate (if any
2 Background • Development of investment portfolio theory • TPT, MPT and PMPT (Lekovic, 2021) • Modern Portfolio Theory (Markowitz, 1952) • Rational investor • Multiple Assets • Overall risk • The
Investor • “...the 2013 Nobel Prize committee split the prize between the two camps [of rational, risk-based, efficient markets versus behavioral, irrational, and inefficient markets]” – Asness et al. (2015
of voluntary information disclosure via social media, firms would be facing incentives to only release positive news…but do they? • Trueman (1997) proposes a model showing that rational managers also
, (“BCB”) (“Investment”) and to delegate the authorities to President or Chief Financial Officer or Chief Strategy and Business Transformation Officer to negotiate and conclude the Investment Agreements
rational and consistent with similar transactions Costs that do not meet the definition of “incremental costs directly attributable” are expensed as incurred (e.g., listing fee, roadshow costs, tax
individual has made. 6. Behavioural biases related to investing • Aware that investors may not always make rational decisions due to biases. • Provide examples of common emotional or cognitive biases that may