[lbo-talk] "Bedlamite economics" and the EMH

[Miles Jackson]

c b wrote:
> “I continue to believe the EMH is a solid view of the world for almost
> all practical purposes. But it's pretty clear I'm in the minority. If
> the EMH took over the investment world, I missed it.”
> http://www.dimensional.com/famafrench/2009/11/qa-is-market-efficiency-the-culprit.html
>
> Ted
>
> ^^^^^^^
>
> CB: Certainly  interesting if "most investing is done by active
> managers who don't believe markets are efficient."
>
> Why does the person quoted above beliieve the EMH is a solid view of
> the world , then ?

As far as I can tell, economics is a faith-based guild, not a social 
science.

Miles