Two economists are walking down the street and pass by a hundred dollar bill without picking it up. A little while later one turns to the other and asks “was that a hundred dollar bill on the ground?” To which the other replies “nope, if it was someone would have picked it up already.”
I’m with you, this joke haunts me daily. I studied economics in undergrad, and market efficiency is such a basic tenet that it’s really hard to see opportunities that don’t just look like a mirage.
I’m with you, this joke haunts me daily. I studied economics in undergrad, and market efficiency is such a basic tenet that it’s really hard to see opportunities that don’t just look like a mirage.