2 ms·
It's refreshing to hear this point of view with some notable cases to back it up. I'm tired of hearing people saying how efficient the markets are and how grea
by jondubois 8y ago
It's refreshing to hear this point of view with some notable cases to back it up.
I'm tired of hearing people saying how efficient the markets are and how great the system is at rewarding talent and hard work and all that "you make your own luck" bullshit. History books are littered with examples of mathematicians, scientists and engineers who were being ignored or ridiculed for purely social reasons.
In fact, it almost seems to be the norm. It shows just how stupid we all are and that we all ought to eat humble pie.
When we come up with new laws and regulations, we should always factor in our collective stupidity.
I don't think we can say that markets are objectively efficient when a bunch of monkeys operating under shared social delusions get to set the price of all things based on those delusions.