xkcd on market efficiency

October 26, 2010

This arrives via Marginal Revolution.

But note that there is a check mark missing: Psychic fund management.

Leave a Reply

Related posts

  • April 25, 2011

    Smart Swarm is a book about decision-making.  Fund management is all about decision-making.  Hence this book is about fund management.  Indeed financial examples crop up several times. Executive summary [...]

  • April 14, 2011

    Four hundred years ago today Galileo Galilei brought forth a new instrument.  On 1611 April 14 Galileo did a demo of his telescope in Rome. That bit of glass [...]

  • April 13, 2011

    It is common practice to have portfolio constraints like: wi ≤ 0.05 That is, the weight of each asset can be no more than 5%. Proxy for risk We [...]