Efficiant Market Hypothesis

Yale University economist Robert Shiller notes the huge mistake EMH proponents have made: "Just because markets are unpredictable doesn't mean they are efficient." That false leap of logic was one of "the most remarkable errors in the history of economic thought."

Just don't tell certain Traders that. They hate hearing that markets contain a high degree of random action and inefficiencies.

Except for the really clever ones . . .
http://bigpicture.typepad.com/comments/2008/08/is-the-market-s.html

Aκόμα:
Predicting What's Next Gets Harder
MARK GONGLOFF WSJ
August 11, 2008
http://online.wsj.com/article/SB121841270391428377.html