₦airaland Forum

Anyone?

LOL,


went to high school in switzerland, got into a fight with a white kid, beat his ass, got suspended for three days, and he started the brawl.

Just this year, me and three otha brothas got stopped at the train station by the police in the south of France for God knows why.

But we gotta go on like that cuz they hated Christ who was black, so nothing will stop them from hating you. Walk with ya head up and that dark skin.

@Poster, let me substantiate what all the well meaning people in this forum told you:


All you need is LIGHT!

You don't need anything else.

Psalms 119:130, Proverbs 2:6, Daniel 1:17, John1:1-5

There is a puzzle in these verses combined together, mediate on them and receive LIGHT! When the light brightens, ur solution will appear out of darkness.

Remember, its to the Glory of God to conceal a matter, but it is to the Glory of Kings to search it out.

You are a King in Christ Jesus.



Pls tell this forum your LIGHT when you see it.

Salutations all,

Love the thread,  really interesting, especially coming from peeps with exposure to core finance fundamentals. Love it.

An observation though -
Talking about CAPM in Nigeria is kinda annoying, primarily because financial markets in Nigeria are far from perfect - not even to the extent that the model implicitly attempts to reflect developed markets. (an assumption which the CAPM is solidly grounded on). With the volume of insider trading going on in the NSE along with the preponderance of asymmetric information delivery, I am fully convinced that financial market equilibrium will remain elusive in these parts.

All the excel models can be run, all the Sharpe ratios calculated, all the optimal portfolios got, all the alphas observed and the the risk contributions defined. All can be done but will amount to nothing because the system we have will hardly give them any meaning.
Therefore, I think its even dumb to teach CAPM and several other financial models  (plus traditional portfolio theory) in Nigerian business schools. Moreover adjusting the model to fit the Nigerian model would be useless. All we need it time. Time with institutional development. These models have been developed with underpinnings that strictly apply to developed markets.


But of course you all knew these already.



Me

P.S WE don't need Black-Scholes either. Greeks are useless. All of them. No core derivatives markets in Nigeria.