> Markets are not that efficient, and information, understanding, and wisdom are not equal, and credit and cash availability varies widely for different people

> Markets are not that efficient, and information, understanding, and wisdom are not equal, and credit and cash availability varies widely for different people and assets. This rings very true. It's like the old joke: An economist is told that there is a dollar bill that has been dropped onto the ground, and it's his if he picks it up. "Nonsense," he replies. "If there has been a dollar bill there, someone would have already picked it up!"