Videos | March 22, 2010

Lesson 5 from the financial crisis: “The market isn’t always right”

ING Group chief economist Mark Cliffe challenges the efficient markets theory.

The market isn’t always right, Cliffe says. In the fifth instalment of a new 10-video series for eZonomics on lessons from the financial crisis, Cliffe challenges the “efficient markets” theory and encourages active investing. The series of 10 lessons show his personal view.

Fear and greed
“The financial crisis presented many bargains to be snapped up by expert investors,” said Cliffe.  ”To take advantage of such bargains you need to take more of an active role in investing.” 

But, as always with shares, he warned, do not invest more than you can afford to lose.


eZonomics team
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