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Politics : Ask Michael Burke

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To: BGR who wrote (68709)	10/6/1999 4:11:00 PM
From: Cynic 2005	Read Replies (2) of 132070

<<I never knew that Ballmer was an well known and respected financial guru. >> You know now! <<But then, I know so little anyway.>> You got that one right! <<The 90's stock market, by virtue of its low transaction costs and vastly improved information access, is indeed more efficient than the markets of yesterdecades. >> So is losing money. <<This, please note, is by definition. Efficient markets don't preclude volatility. In fact, as Black noted, a perfectly efficient market is perfectly chaotic, where new information flow (which is chaotic) is incorporated w/o delay in asset prices. >> I thought IIT-M alumni are good at BS. I now know IIT-KGP beats us hands down! -g- Sorry, i happened to read that note in its entirity and couldn't resist replying to it!

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