4min chapter

The Trader's Journey cover image

Jack Schwager | Trading Lessons from Market Wizards

The Trader's Journey

CHAPTER

Deficient Market Hypothesis and Market Dynamics

The chapter explores the deficient market hypothesis as a critique of the efficient market hypothesis, focusing on how emotional influences can lead to market inefficiencies like in the GameStop stock situation. It delves into short squeezes, historical market movements, and the impact of mania and herd behavior on market dynamics.

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