Investor Jean-Philippe Bouchaud: ‘The whole bull run is because of an influx of money’ The physicist and hedge fund manager on why the efficient markets theory is ‘all wrong’, economists with ‘mathematics envy’ — and what Camus can teach us about compromise

“That’s my main peeve about economists. They seem more interested in solving logical problems and aesthetic puzzles rather than a deep desire to understand what the real driving forces are.” #inelasticmarketshypothesis #blackscholes #influx #risk #volatility #efficientmarketshypothesis #Fama