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October 2007

Recs

12

Efficient M-- Oh, OK, yeah, right!

October 26, 2007 – Comments (5)

Much of my investment career has been predicated on a simple truism: The Efficient Market theory, to the extent that those who believe it do not buy stocks because they do not believe people can beat the market, is -- how to put this sweetly? -- wrong. Maybe even harmful. But at least wrong.  [more]

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