"The assumption of perfect knowledge is very far from reality ... a lot of the evil in the world is actually not intentional."

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I have a name for people who went to the extreme efficient market theory-which is "bonkers". It was an intellectually consistent theory that enabled them to do pretty mathematics. So I understand its seductiveness to people with large mathematical gifts. It just had a difficulty in that the fundamental assumption did not tie properly to reality.

— Charlie Munger