Sunday, October 04, 2009

The Myth of the Rational Market

The Myth of the Rational Market
-A history of Risk, Reward and Delusion on Wall Street

Justin Fox
2009

Very interesting book about the development and application of rational market theory. Reading the book is kind of having a conversation with dozens of Nobel price winner caliber economists.

Be humble. It's hard to beat the market. Assuming market is smarter than yourself is a good starting point to be a successful investor.

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