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Politics : Ask Michael Burke

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To: BGR who wrote (48144)2/21/1999 2:03:00 PM
From: Mama Bear  Read Replies (1) of 132070
 
BGR, I read an article today in the Washington Post about the so called 'efficient' market:

washingtonpost.com

The writer quoted Warren Buffet in the article: "Observing correctly that the market was frequently efficient, [backers of EMT] went on to conclude incorrectly that it was always efficient. The difference between these propositions is night and day."

FWIW

Barb
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