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Tobin’s Efficient Market Paradigm

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The Efficient Market Hypothesists

Part of the book series: Great Minds in Finance ((GMF))

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Abstract

An ancient proverb attributed to an anonymous Arabic poet says:

He who knows not and knows not he knows not: he is a fool — shun him.

He who knows not and knows he knows not: he is simple — teach him.

He who knows and knows not he knows: he is asleep — wake him.

He who knows and knows he knows: he is wise — follow him.

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© 2013 Colin Read

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Read, C. (2013). Tobin’s Efficient Market Paradigm. In: The Efficient Market Hypothesists. Great Minds in Finance. Palgrave Macmillan, London. https://doi.org/10.1057/9781137292216_24

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