Tuesday, July 07, 2009

The Myth of the Rational Market

There is yet another book explaining how irrational the markets can be. This book is rather topical, but people are finally listening.

I came across this one on this episode of the Daily Show. Justin Fox was entertaining, but this isn't anything new to the value investor crowd. We know that the markets can be quite irrational and some of us have made quite a life out of this "worst kept secret".