3 ms·
Sure, individual evaluations of all currently available information can and do differ. The efficient market hypothesis is about the sum total of all those indiv
by smcphile 6y ago
Sure, individual evaluations of all currently available information can and do differ. The efficient market hypothesis is about the sum total of all those individual evaluations adding up to a rational evaluation as reflected in asset prices. Not everyone believes in the efficient market hypothesis, Warren Buffet being a famous example of someone who does not.
- camelite 6y agoOf course he doesn't. His existence invalidates it.