Yes, Virginia…I mean No, Virginia…I mean…

From page 18 of Buffett’s Chairman’s Letter:

(Yes, Virginia, you can occasionally find markets that are ridiculously inefficient – or at least you can find them anywhere except at the finance departments of some leading business schools.)

From Megan McArdle’s Asymmetrical Information:

Yes, Virginia, markets are efficient.

Posted by on March 3rd, 2008 at 10:40 am


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