How to breathe life into a graph’s legitimacy, have it presented by a seventy-six-year-old Steven Rattner, liken it to new wine delivered in a very old dusty bottle with a new slapped-on fancy label, as only a head of hair dye can provide and deliver…His charts would be more believable if they were not clouded in self-promotion bathed in his head-on appearances of deceit.
These guys are pretty smart, but it is still all academic/theoretical. . . and based upon simplified models which include assumptions that are not true in the real world. Real world results would seem to suggest that markets are not, in fact, efficient.
Yeah, it’s all theoretical…. Must’ve missed the part where David Booth built a business around these theoretical ideas. His firm manages almost a trillion in assets and has generated tremendous wealth for investors and himself.
Fama is borderline buddha. One day he will just say that the market doesn't exist and that it's just a figment of our imagination
It's absolute fascinating～
🌎🌏🌍👨🚀
How to breathe life into a graph’s legitimacy, have it
presented by a seventy-six-year-old Steven Rattner, liken it to new wine
delivered in a very old dusty bottle with a new slapped-on fancy label, as only
a head of hair dye can provide and deliver…His charts would be more believable
if they were not clouded in self-promotion bathed in his head-on appearances of
deceit.
These guys are pretty smart, but it is still all academic/theoretical. . . and based upon simplified models which include assumptions that are not true in the real world.
Real world results would seem to suggest that markets are not, in fact, efficient.
That's why there is a weak-form efficient market.
They tested it for out of sample data. The theory holds true
Spoiler: markets are efficient, portfolios are not.
Although Booth started and still runs a firm with over half a trillion in assets under management... so a lot of people obviously believe it is true
Yeah, it’s all theoretical…. Must’ve missed the part where David Booth built a business around these theoretical ideas. His firm manages almost a trillion in assets and has generated tremendous wealth for investors and himself.
I makea the dinerosss