Risk of Ruin cover image

Waiting on Value

Risk of Ruin

CHAPTER

The Efficient Markets Hypothesis

Most investors agree that markets are generally efficient and most investors also sort of ignore that when it comes to picking their own stocks. It's like the market is efficient for everyone else. Evan has a really interesting analogy to illustrate the mechanism that makes markets efficient. The game who wants to be a millionaire, there's different lifelines that you can choose to help you out if you're kind of struggling.

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