EMH didn't work


Off-Topic Discussions


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.


Sarcasmancer wrote:
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.

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