The EMH cannot apply in a world in which investors differ in their expectations, in which the future is uncertain, and in which borrowing is rationed. (Steve Keen)

The EMH cannot apply in a world in which investors differ in their expectations, in which the future is uncertain, and in which borrowing is rationed.

Steve Keen

Related topics

borrowing differ future uncertain world

Related quotes

Music is the one incorporeal entrance into the higher world of knowledge which comprehends mankind but which mankind cannot comprehend. View quote
Ludwig van Beethoven
I was irrevocably betrothed to laughter, the sound of which has always seemed to me the most civilised music in the world. View quote
Peter Ustinov
Much reading is an oppression of the mind, and extinguishes the natural candle, which is the reason of so many senseless scholars in the world. View quote
William Penn
History repeats itself, but the special call of an art which has passed away is never reproduced. It is as utterly gone out of the world as the song of a destroyed wild bird. View quote
Joseph Conrad
We should often feel ashamed of our best actions if the world could see all the motives which produced them. View quote
François de La Rochefoucauld