"The more I find out, the less I know."

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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