New Definition of Efficient Market

Apparently, the Chinese market is the only market that is not efficient. Burton ‘Random Walk’ Malkiel is now running a China-focused hedge fund. To clarify, a market is only efficient if Malkiel is not currently managing an active fund in that particular market.


This entry was posted on Wednesday, February 3rd, 2010 at 9:11 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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