JWR writes about Efficient Markets

Get the latest happenings from the world of Russell-mania. Learn how to become your own sorcerer's apprentice and mine financial statistics, torture numbers, and delete inconvenient data points to support your theories. Russell often teams up with Rob Bennett, author of Passion Saving to form the Troll Brothers when they post in tandem on Internet discussion boards.

JWR writes about Efficient Markets

Postby Schroeder » 07/15/09 at 16:09:58

This thread on the Income & Dividend Investing forum contains some Russell-mania. JWR's first comment was enjoyable mania (go read the thread). But his last comment was great!

Re: Efficient Markets at work ...
df21084 1 hour, 22 minutes ago | PostID #2677840


Therefore, the market should have priced these shares at zero already, and the fact that some imbicile is buying them at a non-zero price indicates that the market is not efficient.

The IMBICILE may be a full service broker allowing his clients to unload shares and recognize a loss for tax reasons.

Have fun.

John Walter Russell

Hi John,

Worthless shares could be written off regardless. ?The IRS would be hard pressed to prove otherwise.
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