As Hero Finally Gets Medal of Honour, Some Question the Delay
Wall Street has infested the country with the spirit of reckless greed and the gospel of pride and selfishness. And the government provides the example for the people.
“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