“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
18 July 2018
Debate on the Trump-Putin Summit Between Cirincione and Greenwald
The original posting with transcript of this debate between Joe Cirincione and Glenn Greenwald about the Trump-Putin Summit can be found here.