Charles Munger: EMT – The Stock Market Ain’t Like Physics, It’s Like A Mob At A Football Game

Johnny HopkinsCharles Munger, Investing StrategyLeave a Comment

The Acquirer’s Multiple® - FREE Stock Screener

unlimited

Here’s a great short video with Charles Munger talking about The Efficient Market Theory saying:

“Well I think we’ve had some effect, but they’re still teaching The Efficient Market Theory. Remember the old ideas die hard. And by the way it’s roughly right. It’s just the very hard form which everybody believed. They believed it was impossible and was rare. They thought efficiency was absolutely inevitable. Was like physics. I call it ‘Physics Envy’.That’s what they had. In the finance field they wanted to make their subject like physics.”

“Now what kind of a nut would wanna make the stock market like physics. It ain’t like physics. It’s more like a mob at a football game!”


(Source:YouTube)

For more articles like this, check out our recent articles here.

FREE Stock Screener

Don’t forget to check out our FREE Large Cap 1000 – Stock Screener, here at The Acquirer’s Multiple:

unlimited

Join 10,353 other investors in search of undervalued stocks, value investing news, and investing strategies from the greats:

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.