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

Thursday - 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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