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Saturday, December 15, 2007

How Can Markets Be Effificent If People Are such Morons

The always enjoyable Megan McArdale has a great piece explaining the EMH with the above title in The Atlantic.com. There's also a pretty good snark-war in the comment section between a trader who insists markets are easily beatable and someone else who pretty much shoots him to pieces.

Read it, and give it to your students.

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