Why we think efficient market advocates should still think critically about their investments. Basically, it comes down to the fact that the same asset can have different values to different investors. This is true primarily because of liquidity premiums, how we define risk, and information & speed asymmetry between sophisticated and retail investors. See link. Comments and criticisms welcome!
Submitted June 24, 2017 at 04:07PM by intuitecon http://ift.tt/2tH4AHr
