Efficient Market Hypothesis, eh? The proponents of this hypothesis posit that all participants to the market are perfectly rational and that they all have enough pertinent information about what is going on as to be able to reach reasonable business decisions. Now consider this: 'ten percent of the egg producers being wiped out results in a up to 85% hike in retail prices'. Quite reasonably, don't you think? As for efficiency... maybe for the owners of the surviving 'egg producers'...
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The first two editions of Irrational Exuberance, Robert Shiller’s best-selling study of financial markets, both presciently called the top on asset bubbles of historic proportions. 1,700 more words
Part 2: Negotiating changes the question
In a previous post, I noted that people in the real estate industry benefit by being skilled negotiators. Mostly, that post focused on tactics which are privately profitable and which apply to other situations, such as buying a new car or starting a new job. 360 more words
It's not easy to be green: the cost of fossil fuels divestments to the New Zealand superannuation fund
The Green Party of New Zealand wants the New Zealand superannuation fund to sell its $676 million in fossil fuel investments. For those not in the know, this government investment fund is worth about $25 billion and is funded by present taxes to pay for the universal old age pension in New Zealand. 413 more words