The recent financial crisis calls into question the EMH; according to some real smart guy at Yale.
In fact, unjustified faith in rational expectations and market efficiencies might have been one of the causes.
so, now what?
I came in thinking this was about medical holograms. I am sadly disappointed.
And, eh. Old news. Knew that fifteen years ago. So did most people I know.
The grapes are probably sour, anyway.
The grapes are probably sour, anyway.
If you take that hedge position, you can claim "I toldja so" at a later date; it has a npv somewhere approaching zero though.