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Ep. 100: Things We Do and Don't Care About & Efficient Market with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Importance of Efficient Market Theory

Munger: I have a name for people who went to the extreme efficient market theory, which is bonkers. He says it was an intellectually consistent theory that enabled them to do pretty mathematics. Munger said there's no such thing as rational man when Jersey Shore gets high ratings and cable news shows nonstop.

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