Wednesday, January 13, 2010

Support for the EMH from the Most Unlikely Place

Understandably, faith in the Efficient Market Hypothesis (EMH) has wavered recently due to a spate of bursting bubbles. This has rekindled the EMH debate loosely defined as between Chicago and Harvard. But Harvard's "elite" repeatedly guessing wrong about market swings - and billions of dollars wrong - may be the best recent evidence in support of the EMH.

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