In an efficient market, risk and return are proportionate. Which means if you decrease potential returns, people will take less risk. I wrote this in 2005, but it seems particularly topical now: http://paulgraham.com/inequality.html
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How much do you believe in efficient market hypothesis as a thing that's still relevant?
The efficiency of markets varies, but in this particular market I felt it personally, as I explained in the essay.
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Fair enough. Thanks for a good read :)
Thanks. Twitter will use this to make your timeline better. UndoUndo
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