Cover of Efficiently Inefficient

Book · 2015 · Business & Economics

Efficiently Inefficient

How Smart Money Invests and Market Prices Are Determined

by Lasse Heje Pedersen · Brought up by 0 people on 0 podcasts

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“We spent the first part of our conversation talking about this equilibrium point. Obviously, you need some active, one, to set prices, two, to provide liquidity. And there's a very famous book, in our circles anyway, called Efficiently Inefficient”