Risk taking


Warning: Conventional wisdom can be hazardous to your wealth/health

One of the lead articles in today’s Wall Street Journal is “Crisis Compels Economists To Reach for New Paradigm”.  The story focuses on John Geanakoplos, a Yale economist whose observations of the machinations of the economy in the late 1990’s led him to believe that the market was not as efficient as economic theorists had Read the full article…