Efficient Market Hypothesis
1 statements across 1 episodes · 0 bullish · 1 bearish · 1 people on the record · first statement Jul 17, 2023 by Seth Klarman · across every show →
Everything said about Efficient Market Hypothesis, oldest first
Jul 17, 2023 bearish
Klarman: Academic Efficient Market Theories Break Down in Real-World Trading
“The academic idea was logical that there are transaction costs, and there are a lot of competitors, and even when there aren't that many, even one competitor can reprice a mispricing. But had they chosen instead to sit down at the trading desk of mutual shares…”