Thursday, September 2, 2010

Sad But True

Ever wonder why markets stay irrational for long periods of time? Here's one illustration:

For all the MBA students out there, it also explains why CAPM and beta are absurd.  It's that whole assumption about rational behavior. 

Thanks to JayHawk for passing this along!

Disclosure:  Author does NOT own

1 comment:

  1. Great video! This should be corporate finance 101