Are Markets Rational?
March 1, 2010 - 11:42 AM
Debate has raged for years about whether markets are “rational.” In late 2008 and early 2009, that certainly didn’t appear to be the case! Many investors interpret “rational” to mean that all market participants must make rational, perhaps even unemotional, investing decisions in order for the premise to be true.
At our Wise Wealth Lecture Series event last October, featured speaker and economist Brian Wesbury addressed this question in his talk and described how irrational investors combine to create the rational market.
To watch Brian’s entire presentation, including the audience Q&A, click here: (Presentation – 43 minutes; Q&A – 22 minutes)
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