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Efficient Market theory is bullshit and everyone knows it. - Adventures in Engineering — LiveJournal
The wanderings of a modern ronin.

Ben Cantrick
  Date: 2008-04-15 14:09
  Subject:   Efficient Market theory is bullshit and everyone knows it.
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  Tags:  reddit

"Wild things happen in the markets. And the markets have not gotten more rational over the years. They've become more followed. But when people panic, when fear takes over, or when greed takes over, people react just as irrationally as they have in the past."

http://money.cnn.com/2008/04/11/news/newsmakers/varchaver_buffett.fortune/index.htm

That's not some pinko lefty hippy saying that, it's WARREN BUFFET. Anyone with a shred of intellectual honesty knows that the 95% of the stock market is a huge herd of mooing idiots, following whoever is blowing their own horn loudest today. Always has been, always will be. The idea that the stock market is an "efficient market" is bullshit. It's the worlds biggest game of follow the leader. Nothing more, nothing less.
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osmium_ocelot
  User: osmium_ocelot
  Date: 2008-04-17 02:10 (UTC)
  Subject:   How very odd
This entry of yours shows up when I view your journal all by itself, but does not show up when I'm reading my friends page.

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Ben Cantrick
  User: mackys
  Date: 2008-04-21 17:18 (UTC)
  Subject:   Re: How very odd
I backdated it, which messes up the Friends page temporarily. It'll fix itself the next time they redo the backend database. Usually happens once an hour, but sometimes takes as long as a day.
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