Robo-Investors Beware: What You Don’t Know Can Kill Your Portfolio: Books By
One particularly fatal assumption is that markets follow mechanical rules, argue Roman Frydman and Michael D. Goldberg in“Beyond Mechanical Markets,” a groundbreaking look at how to tame asset booms and busts...Yet of all the books I’ve read on the crisis that began in 2007, this one comes closest to laying a foundation for a more pragmatic and genuinely useful school of economics."
Full review
Comment: I'm amazed. At least what I gather from the review there is nothing new in this book. Why is the reviewer so enthusiastic? Because he is dumb or because he thinks that investors are dumb? Anyway, this book seems to be another example of economics setting up a bogeyman and then bashing it. The first step indeed is as dumb as the second one. Always has been. Amazing insights? Only for dedicated followers of nirvana economics who don't know any better.
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