efficient market
1 statements across 1 episodes · 0 bullish · 0 bearish · 1 people on the record · first statement May 13, 2024 by Cliff Asness · across every show →
Everything said about efficient market, oldest first
May 13, 2024
Asness: Grossman-Stiglitz paradox proves markets cannot be perfectly efficient
“Grossman and Stiglitz wrote a paper introducing a paradox about a perfectly efficient market a long time ago that people need to spend a lot of money making something perfectly efficient on research, on time, and why are they going to do that if it's perfectly…”