The Teaching of Efficient Market Theories in Universities

The University of Florida has instituted courses that actually Mason Hawkins gave them a significant amount of money to finance. So I think the efficient market theory is less wholly written now than it was 15 or 20 years ago in universities. It's really quite useful if you had a merchant shipping business, if all of your competitors believe the world is flat and will not take any cargo to places they think they will fall off. And so we should be encouraging the teaching of efficient market theories in universities.