I went to the 'burgh with friends last night and celebrated their graduation. Though it may sadden you to some degree, Pittsburgh is a much, much better city than Cleveland. There's more to do, better things to see and a lot cleaner. It was one of the funnest nights I've had this year, so I'm pretty happy I made the trip out.
We went to the Cheesecake factory and bought some wicked expensive cheesecake (Mine came to $7, others to $8). It may have been the best dessert I've ever had. We did some other shopping, drove around the city and hit up a pretty cool fountain. Then we went to a Jazz club that was playing Salsa. The band was great and there were a ton of Grove City people there. I danced because the girls needed partners (not fun) and later sat around and talked for a long time (fun). Maybe I can get some pictures eventually.
Today I met up with some professors and had some interesting conversations. No surprise Jeff but Dr. Herbener is not a fan of the efficient market theory ("it's wrong on both the intuitive and theoretical level").
Right now I'm trying to study for an exam on Monday, that I have the stong suspicion I'm going to skip (I can take it in two weeks if I do). I just don't know how i'm going to be able to get study time in. That's why I originally said I was going to make it a quick Ohio trip.
eeeehhhhhhhhhh. ok, who cares. Let's get together on Sunday. I'm all the way out here and it shouldn't be a big deal if I delay the stupid exam.
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4 comments:
Yeah!! It will be great to see you again.
I have to agree with you about the Cheesecake Factory desserts. I'm not a huge fan of carrot cake, but the piece I had there was TO DIE FOR! Makes me drool thinking about it. :)
Dr. H mentioned that it is wrong on the theoretical and intuitive level. That is arguable, but it is interesting that he didn't mention the empirical level. Passively managed funds outperform actively managed funds on a consistent basis, and they have been doing so for decades. If Dr. H is so sure markets aren't efficient, why is he a professor at a Midwestern college rather than making a killing on Wall Street with his special knowledge?
Because he wanted to make a career teaching? And he doesn't have special knowledge. He mentioned several high profile investors who have made killings over the years using analysis methods.
I don't want to get in an argument here. I know you know a lot more than i do about Finance. I also know he knows a lot more about it than I do. I'm staying out of this one.
I was hoping to see an old fashion cat fight!
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