tag:blogger.com,1999:blog-4039434.post4520412463498444165..comments2024-02-26T06:46:53.171-05:00Comments on Rajiv Sethi: On Efficient Markets and Practical PurposesRajivhttp://www.blogger.com/profile/13667685126282705505noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4039434.post-18680624776611699622009-11-21T12:10:23.133-05:002009-11-21T12:10:23.133-05:00Exactly... it would be interesting to see if there...Exactly... it would be interesting to see if there's a systematic difference in the degree of leverage between fundamental and momentum traders in practice.Rajivhttps://www.blogger.com/profile/13667685126282705505noreply@blogger.comtag:blogger.com,1999:blog-4039434.post-49523175717741072602009-11-21T11:38:38.802-05:002009-11-21T11:38:38.802-05:00"Furthermore, an investor who proposes to ign..."Furthermore, an investor who proposes to ignore near-term market fluctuations needs greater resources for safety and must not operate on so large a scale, if at all, with borrowed money"<br /><br />Keynes, <a href="http://www.marxists.org/reference/subject/economics/keynes/general-theory/ch12.htm" rel="nofollow">The General Theory, Ch 12</a>, Section V, following the famous passage on the beauty contestSomhttps://www.blogger.com/profile/04404718947873288765noreply@blogger.com