Market Efficiency Challenges
The discussion delves into the complexities of studying market efficiency in historical contexts, highlighting the scarcity of reliable data and execution prices. It contrasts the perception of contrarian investors, noting that while society may initially scorn them, successful long-term strategists like Warren and Charlie are often celebrated. The conversation also reflects on Keynes's views, suggesting that the challenges of long-term investments during his time were significantly greater due to limited data and geopolitical instability.In this clip
From this podcast
Dwarkesh Podcast
Tyler Cowen - Hayek, Keynes, & Smith on AI, Animal Spirits, Anarchy, & Growth
Related Questions