Charlie Munger Quotes:
Ocupation: Business person
Life: b. January 1, 1924
Birthday: January 1
I have a name for people who went to the extreme efficient market theory-which is "bonkers". It was an intellectually consistent theory that enabled them to do pretty mathematics. So I understand its seductiveness to people with large mathematical gifts. It just had a difficulty in that the fundamental assumption did not tie properly to reality.
topic: Reality, Names, Ties, Efficient Markets
