Ep. 500: Charles Faulkner Special with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Power of Efficient Markets
Vernon Smith who won the Nobel Prize for experimental economics was talking about the housing bubble he basically said we learned this stuff in the laboratory years ago and this is the reason he got his new out prize. Vernon Smith really got his Nobel Prize for basically proving that all of this this econ that had come about the efficient markets really just was inaccurate. I'll let you run with that and maybe even let you explain to the audience a little bit more about the idea of efficient versus inefficient well but this goes back to where the brain is i remember i said earlier who wants the simple story with the really clean lines and the less you know the more you believe it also came into play
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