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Finance, when done right, is just the art of efficient capital allocation. Producing the right thing is also important.
by dasudasu 6y ago
Finance, when done right, is just the art of efficient capital allocation. Producing the right thing is also important.
- MiroF 6y agoMost of finance that I can see seems to consist of investment firms hiring lots of people with good credentials so that they can convince clients that the efficient market hypothesis actually doesn't apply to their firm, then making off with the profits. There's a reason only market makers are the ones prop trading any more.
- tryptophan 6y agoLuckily most people are starting to see the light of index investing. Good times for these investment firms are coming to an end.