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

  • September 23, 2010

    Your happiness probably lies outside this book. Fund management If you think this topic remote from fund management, I think you're wrong. Suppose that we deliver a lot of [...]

  • September 17, 2010

    There's a hole in the bucket of traditional economics. Homo socialus seems to be on the rise, and homo economicus is getting harder to find. Vulcanism has become evident [...]

  • September 13, 2010

    Finance textbooks say that more volatile assets should have higher returns. The volatility puzzle is that that doesn't always hold true.  You should be getting used to textbooks not [...]