Things can only be prestigious once they're widely known. So shouldn't efficient markets have kicked in by then?
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@paulbaumgart prestige is a purely cultural concept, not a market condition - 5 more replies
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@aceladerp asymptotically efficient markets?Thanks. Twitter will use this to make your timeline better. UndoUndo
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@aceladerp c is a very good point. I guess I'm using efficient as a synonym for "unprofitable."Thanks. Twitter will use this to make your timeline better. UndoUndo
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@paulbaumgart Being president is both prestigious and high ROI. -
@sandersted On a risk-adjusted basis?
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@aceladerp True. Efficient markets don't apply to academia. -
Only a non-classicist could say that
@paulbaumgart@aceladerp ;-)
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@paulbaumgart What you really want to watch out for are things that are high on prestige but fast on depreciation.Thanks. Twitter will use this to make your timeline better. UndoUndo
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