Source: Economics after the crisis : objectives and means (2012), Ch. 2 : Financial Markets: Efficiency, Stability, and Income Distribution
“If markets were truly efficient, then you shouldn't be able to make any money rebalancing.”
Source: The Four Pillars of Investing (2002), Chapter 14, Getting Started, Keeping It Going, p. 290.
Help us to complete the source, original and additional information
William J. Bernstein 29
economist 1948Related quotes
“Even in financial markets, the concept of market efficiency does not hold.”
Part II, Chapter 8, The Dynamics of Unemployment, p. 176
The Death of Economics (1994)
talking about Guerilla Communication strategies in "Urban Hacking" http://www.transcript-verlag.de/ts1536/ts1536.php, transkript, p. 106
Autobiographical Essay (2001)
Source: Debunking Economics - The Naked Emperor Of The Social Sciences (2001), Chapter 10, The Price Is Not Right, p. 215
“Financial markets need to become less, not more, efficient.”
Thing 22
23 Things They Don't Tell You About Capitalism (2010)