A Rich Life

The Old Ideas on Saving & Investing Don't Work -- Here's What Does

The Housing Market Isn’t Efficient Either

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I recently posted a Letter to the Editor at the Early Retirement Planning Insights site entitled The Housing Market Isn’t Efficient Either.

Juicy Excerpt: For so long as market participants are being kept in the dark as to the true (valuation-adjusted) values of the things they are purchasing (whether stocks or houses), the markets are NOT self-regulating. For so long as we as a society continue to entertain the fiction that markets are AUTOMATICALLY efficient, they will remain wildly inefficient.

Comments

  10. Thanks very much for bringing that thread to our attention, RJL. I had not seen it and it cheered me greatly. I will point to that thread at the “Today’s Passion” feature tomorrow.

    Rob