Thu - July 22, 2004 at 01:11 PM in

What he said...


A great rant about Efficient Market Theory on Crooked Timbers.

Efficient Market Theory is a nice conceptual framework, but let's face it: from down in the trenches, markets don't look terribly efficient.

Maybe that's because markets consist of people, not robots.

Posted at 01:11 PM   Permalink      


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