piranha526
Contributor
I posted this quote in the RD Forums and want to start the discussion here. I believe that markets are not random based on the exact words in the quote:
"The markets are not random. I don't care if the number of academicians who have argued the efficient market hypothesis would stretch to the moon and back if laid end to end; they are simply wrong. The markets are not random, because they are based on human behavior, and human behavior, especially mass behavior, is not random. It never has been, and it probably never will be." - Jack D. Schwager, Market Wizards
"The markets are not random. I don't care if the number of academicians who have argued the efficient market hypothesis would stretch to the moon and back if laid end to end; they are simply wrong. The markets are not random, because they are based on human behavior, and human behavior, especially mass behavior, is not random. It never has been, and it probably never will be." - Jack D. Schwager, Market Wizards
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