If the markets are efficient, does it mean that you
can buy at any time, using any methodsand you will still make the same
returns as somebody else whois smarter ?
Koushik
As a mathematician, I think the whole notion of
efficient markets is very non-transparent, bordering on meaningless or do I mean
contextless?
The first question that would need to be answered
to prove me wrong is to explain what time-span (transactional or relationship)
governs your model.
As a mathematician, I think the whole notion of efficient markets is very
non-transparent, bordering on meaningless or do I mean contextless?
The first question that would need to be answered to prove me wrong is to
explain what time-span (transactional or relationship) governs your model.
Chris MACRAE:
Whilst this fundamental contextual bias in what corporate performance
is defined to be rules, the chances of markets being efficient dwindles
absolutely below zero.
I used to do criminal defense work, so I have some experience with
people whose time horizon is very, very short, and
A while back we discussed the issue of queues, and why it is not usual to
offer to pay those ahead to switch places.
My hypothesis was that this was due to culture, and the alternative
hypothesis was that it was due to economic ignorance.
I conducted an experiment on Saturday, August 3, at my
--- Chris MACRAE [EMAIL PROTECTED] wrote:
I would like to suggest to you that there are 2 poles of corporate
performance which are often opposite:
-a company's last 90 day's performance as a transaction-taker
-a company's performance as a sustainable system for relationship-making
With
If the markets are efficient, does it mean that you can buy at any time,
using any methods and you will still make the same returns as somebody else
who is smarter ?
Koushik
No. Because some assets and asset groups are riskier than others, and higher
risks get higher returns. Also, a
Alternative hypothesis: people will accept money only if other people
are accepting money.
Fred - next weekend, I want you recruit a person who will get in line
before you. When you arrive, announce that you will give $20 to somebody
who will let you cut in line. That planted person will then
