Extraterrestrial Investors?
Megan McArdle has a series of posts defending the Efficient Market Hypothesis—the theory that human beings cannot consistently beat the market. On the other hand, there is Warren Buffett, who has a reputation for doing so anyway.
So… If human beings cannot consistently beat the market … would Warren Buffett be an extraterrestrial? (He might be a Monoid from the planet Functor.)
Maybe his remarks on taxes or population control are intended to soften us up for the invasion…
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