externalities
2 statements across 2 episodes · 1 bullish · 1 bearish · 2 people on the record · first statement Jun 11, 2020 by Liqian Ma · across every show →
Everything said about externalities, oldest first
Jun 11, 2020 negative
Ma: Financial markets fail to price in externalities and systemic risks
“Really seeing the excesses during the boom times and seeing the despair and the irrational behavior right after the crisis just made me realize that, wow, like markets are highly inefficient. They are not pricing in externalities and these systemic risks.”