Capital Ideas And Market Realities

This text sifts through the history of modern finance, from the efficient market hypothesis to behavioural psychology and chaos theory, to determine the cause o... » 

This text sifts through the history of modern finance, from the efficient market hypothesis to behavioural psychology and chaos theory, to determine the cause of market crashes. It finds some investment strategies, especially those based on theories that ignore the human element, can self-destruct. «