What is Market Efficiency?
This discussion begins in 1906, at the Plymouth County Fair in England. Sir Francis Galton walks by a contest, where participants are asked to guess the weight of an ox. There are over 800 guesses; some from butchers and farmers, and many more from men and women with no expertise to inform their guesses.
In this episode, we’re going to step back in time to revisit a concept that is fundamental to understanding why stock markets are efficient.
#investing #moneymanagement #stockmarkets
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