Ep. 790: Stop Looking for Efficiency with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
The Importance of the Efficient Market Theory
Theory became so popular because it made investing look easier than it was. The reference to Bachel-Ye in terms of influence was not there, but the work would have occurred anyhow. In some sense this is down to academic politics that if efficient markets were true then we can build a lot of theories from it. So it's an extreme version of what I think happened.
Play episode from 08:56
Transcript
