In that content is the sometimes implicit, sometimes not-so-implicit understanding that efficiency is something positive. The very first thing a finance textboo

In that content is the sometimes implicit, sometimes not-so-implicit understanding that efficiency is something positive. The very first thing a finance textbook will inform you of is that the market is efficient and that this is what allows it to function. When in reality, efficiency and fragility are two sides of the same coin. You might not want to maximize your efficiency if you also want to be resilient.