Irish Liberty Forum

Another Blow for the Efficient Market Hypothesis

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It’s an opportune moment to remind yourself of the EMH, a pillar of modern neoclassical economics which, in it’s most frequently used form, states that the market cannot be consistently outperformed without insider or new information, except through continuously good luck. Try telling that to Jim Rogers, one of the masterminds behind the Quantum Fund. In recent times he has correctly and consistently identified a whole host of opportunities available throughout the financial crisis.


Written by Graham

March 17, 2008 at 6:29 pm

Posted in economics, USA

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