The Efficient Market Hypothesis gives the impression that there is a difference between investing in the stock market and investing in a business.
Couldn't agree more. Markets are far from perfect algorithms.
Great article. It is beyond incredible that anyone believed the EMH given all the evidence to the contrary and of course simple logic.
Couldn't agree more. Markets are far from perfect algorithms.
Great article. It is beyond incredible that anyone believed the EMH given all the evidence to the contrary and of course simple logic.