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Jens 'n' Frens |
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"The [Efficient Market Hypothesis] is true," he said, "to the extent that people believe it to be false and so, by their exertions, bring about efficiency." Cool.Glassman at NRO on the new Paolos book, "A Mathematician Plays the Stock Market". He talks about market efficiency in general, and while there's nothing earth-shattering in here, it's a fun read. So are the opening sentences of the Science News synopsis of the book:Mathematicians should have an edge in the stock market. You'd think their expertise and scientific sense would yield predictions of market trends. Mathematician Paulos thought that, so a few years ago, he invested in WorldCom. |
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