Tuesday, July 28, 2009

Efficient markets in a nutshell

The best summary of what efficient markets theory really means is to be found in a post by James Kwak, The Baseline scenario, “What Is the Efficient Market Hypothesis” ( http://baselinescenario.com/page/2/, on July 20, 2009). It is well worth reading and saves a lot of time, compared to an equations filled textbook in finance.

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