Wednesday, June 27, 2012

My thoughts on Finance

Economics Nobel Prize winner, the psychologist Danny Kahneman had a nice piece in the New York Times not too long ago that describes well his take on the evidence arguing that traders and fund managers on Wall St. don't do any better than a monkey throwing darts. His argument is a little bit blunt, and I think as a psychologist he doesn't care about some of the niceties economists care about when debating the efficient market hypothesis, but I largely agree. Though sometimes I think the only reason I agree is to make myself feel better about not stick to finance.

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