Myth-Busting and the Efficient Market Theory
I’d like to bring to your attention today a newly published book which ties into the heart of how we look at markets.
The name of the book is The Myth of the Rational Markets; A History of Risk, Reward and Delusion on Wall Street by Justin Fox.
The book deconstructs the efficient market theory, something that many us already know is a fallacy (otherwise why would all these edges we see appear over and over again?).
Here is the product description from Amazon and it does a good job of summarizing the theme of the book:
“The efficient market hypothesis—