The turtles' edge, like trend-followers today, was in exploiting the reality that mainstream economic theory doesn't allow for: financial markets don't behave efficiently, but follow vogues and panics.
Monday, May 21, 2012
TO ME, THIS WAS THE IMPORTANT POINT
Reuters has a news story about how mathematics & intense data mining is taking over segments of the investment industry and aside from a waste of talent, there's this key point:
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1 comment:
http://robertreich.org/post/23545418964
Fair and balanced.
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