Ep. 905: Zuckerman, Gray and Holiday with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Impossibility of Efficient Markets
There's an old paper like the gross and stiglex uh 1980 article on the impossibility of efficient markets. There will always be a macro equilibrium that you get paid for your efforts in engaging in that activity because that that you're helping make the market efficient but it never can be perfectly efficient or that whole thing breaks down. i think you're always going to see chaos and craziness and at the margin inefficient prices westWest is published by Simon & Schuster, priced £12.99 (with free UK p&p)
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