The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street

The Myth of the Rational Market is a groundbreaking book that challenges the long-held belief in the efficiency of financial markets.

With wit and insight, author Justin Fox reveals how this theory has contributed to some of the most significant economic disasters of our time, including the dot-com bubble and the mortgage crisis.

By exploring the assumptions that underlie the efficient market hypothesis, Fox shows how market prices do not always reflect the wisdom of every moment, but rather the collective groupthink of investors.

This thought-provoking book is a must-read for anyone interested in understanding the true nature of financial markets and the factors that drive them.