Here's the spectrum: Over here, markets are hyperefficient. Every piece of information is known and immediately embedded in market prices within seconds. Over on the other end, here's a market that's totally crazy. Prices bear no relation to value or anything. We all agree the market isn't over here, and it isn’t over there, and the thing we need to talk about is, where is it?
- Bill Sharpe
www.appliancestudio.com
Spot on.
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