Does that imply that EMH doesn't apply to financial assets in corrupt economies, specifically to external (foreign) investors who can come and leave as they want?
Yes, although with China you can't necessarily leave when you want as the government might restrict sales.
Can a passive investor afford to ignore it?
No, but by investing in U.S. firms that do business in China you are not ignoring it.
US firms? Your main China exposure is going to come from your Aussie mining exposure.
I just installed 6 apps.
Thanks for writing this.
I thought the biodeterminists guide was one of the most useful things I've ever read. I'd love it if Yvain would write the same for longevity, general fitness, IQ, etc.
Excelent post! Thanks for sharing.
Me too.
saving lives and saving souls are nearly equally important.
If souls actually exist (and could go to heaven and hell) then saving souls is far more important than saving lives! Your disagreement with them is surely not about relative importance, it is about ontology.
There is a paper out, the abstract of which says:
...Second, respondents significantly underestimated the proportion of [group X] among their colleagues. Third, [members of group X] fear negative consequences of revealing their ... beliefs to their colleagues. Finally, they are right to do so: In decisions ranging from paper reviews to hiring, many ... said that they would discriminate against openly [group X] colleagues. The more [group anti-X] respondents were, the more they said they would discriminate.
Before you go look at the link, any guesses as to what the [group X] is? X-/
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I'm looking to buy a sofa without flame retardants. The Center for Enviromental Health suggests that all IKEA products are fine, but at least in 2012 it seems that they instead substituted another chemical flame retardant, TRIS. Does anyone know if IKEA furniture is now chemical flame retardant free, or if there are any other good options for below $1,000 ?