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027: Jack Schwager – Key Lessons Learned From Many of the Worlds Greatest Traders (aka Market Wizards)
Chat With Traders
Flaw in logic: All white mammals are not polar bears
White mammals are not necessarily polar bears. The thinking that if a is true, then b must be true, is a flaw in logic. This flaw is often seen in arguments about the efficient market hypothesis. While it is true that the marks are difficult to beat, it does not necessarily mean that the markets are efficient.
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