“Some economists, when thinking about long memory, are concerned that it undercuts the Efficient Market Hypothesis that prices fully reflect all relevant information; that the random walk is the best metaphor to describe such markets; and that you cannot beat such an unpredictable market. Well, the Efficient Market Hypothesis is no more than that, a hypothesis. Many a grand theory has died under the onslaught of real data.” Benoît B. Mandelbrot
"The longer we dwell on our misfortunes the greater is their power to harm us."
Voltaire
"Behind every great fortune there is a crime."
Honore de Balzac
"Prejudices are what fools use for reason."
Volaire
