James Montier: EMH RIP
August 10, 2009 at 9:38 am · Category: Business and Investment Philosophy
Alice laughed: “There’s no use trying,” she said; “one can’t believe impossible things.”
“I daresay you haven’t had much practice,” said the Queen. “When I was younger, I always did it for half an hour a day. Why, sometimes I’ve believed as many as six impossible things before breakfast.”
- Lewis Carroll, Alice In Wonderland
Good piece by James Montier of Societe Generale on the ridiculous Efficient Market Hypothesis: “Six Impossible Things Before Breakfast”.
More on this topic
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Satyajit Das: “EMH Funeral Oration”
(naked capitalism, 1/19/10)
Jeremy Siegel on the EMH
(Skeptical CPA, 11/13/09)
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