[ExI] What is Rational? (BillK)

Rafal Smigrodzki rafal.smigrodzki at gmail.com
Thu Aug 19 04:23:01 UTC 2010

On Wed, Aug 18, 2010 at 9:14 AM, BillK <pharos at gmail.com> wrote:

> On 8/18/10, Mirco Romanato  wrote:
> <snip>
> >  Efficient market theory is sound, from what I understand.
> >  It explain many things happening. And when the results are different,
> >  you can look for "noise" or different conditions that caused a different
> >  outcome.
> >
> >
> The good news is that you don't have to stop believing in the
> efficient market theory just because you know it doesn't work.  It's
> an act of faith.

### The bad news is, you can't argue reasonably against a theory if you have
no idea of what it actually postulates.

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