4 ms·

Markets are efficient, not rational.

• valuearb 9y ago
  I think it's clear they are more rational than efficient, and perfect at neither.
  • Finnucane 9y ago
    Markets != people, last I checked. If you're talking about the efficiency or rationality of a market, you're talking about some statistical measure of the market. If you're talking about one guy making a bad choice of flooring material, that's just one idiot.
  • blazespin 9y ago
    What's good for markets isn't necessarily good for people. eg, Slavery was pretty efficient. Takes awhile for people to rise up and explain to the markets they're not as rational as they think they are.
• thinkloop 9y ago
  Markets are rational, but rationality is not simple.