Efficient markets

June 12, 2007 at 9:40 am | Posted in Uncategorized | Leave a comment

Here’s a joke I heard about the efficient market hypothesis:

An old joke has two finance professors walking along the siewalk; when one spots a $20 bill and bends over to pick it up, the other grabs his arm and says, “Don’t bother. If it was really a $20 bill, someone would have taken it already.”

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