@NewYorker @TNYJohnCassidy @alphaclone Small cap stocks outperform because they carry more risk. First rule of finance.
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@NewYorker@TNYJohnCassidy@alphaclone Spec bubbles don't negate the EMH. Prices reflect expectation not the abilty to reflect the future.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@NewYorker@TNYJohnCassidy the market is both efficient and inefficient, depending on whether you're winning or losing...Thanks. Twitter will use this to make your timeline better. UndoUndo
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Tks, John. Learned a lot from your column. Weak-to-Semi-strong-toStrong-form, among other things.
#Wolfers@NewYorker@TNYJohnCassidyThanks. Twitter will use this to make your timeline better. UndoUndo
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