The momentum effect raises a further important issue. If markets are rational, as the efficient-market hypothesis assumed, then they will allocate capital to its most productive USES.
动量效应提出了一个更深层次的重要问题,如果市场是理性的,如有效市场假说假设的那样,那么市场将把资金分配给收益最大的用途。
Having a hypothesis, even if it is wrong or incomplete, is an advance over not having a hypothesis as it gives you something to test.
有一个假设,即使是错误的或不完整,是在没有事先的假设,因为它给你来测试。
But even if the Trojan hypothesis is wrong, it might be something just as interesting: planets in resonance with each other.
但即使木马假说是错误的,行星相互共振也是十分有趣的现象。
But even if the Trojan hypothesis is wrong, it might be something just as interesting: planets in resonance with each other.
但即使木马假说是错误的,行星相互共振也是十分有趣的现象。
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