De mythe van de rationele markt
My book just got its first media coverage. And it's on a Dutch financial Website. How cool is that?
(The writer, Katrijn de Ronde, happened to be in New York a couple of weeks ago working on another article. She had gotten all interested in financial market theory after reading Roger Lowenstein's When Genius Failed, and came across my writings on the subject. Hence the article.)
My favorite bit is in the comments, where Piet J.W.Duffhues, a finance professor at the University of Tilburg, complains (translation mine):
Efficient market theory deserves more study
The EMH [efficient market hypothesis] is an extraordinarily interesting and relevant theory of the behavior of investors. Many write about it without giving it thorough study. This book appears to suffer from this flaw, and therefore contributes to the confusion.
I knew it. Shoulda spend another six years working on the thing!
(I should add that Professor Duffhues makes this criticism without having given my book any study at all—it's not out yet, and I sure didn't send him a galley. I promise, it really is pretty danged thorough.)
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1
"How cool is that?"
That's the attitude you should adopt to everything you receive from this book. You wrote and published a book. That's a wonderful accomplishment.
One of the reasons that I started posting comments was in order to get used to criticism. When I either get my novels published, publish them myself, or put them on the internet, I want to be able to accept that many readers will find my writing dreadful.
I thought that I'd start by posting comments on politics, economics, etc., domains in which it doesn't bother me that people disagree with me. My novels I take more personally. However, I don't get much criticism, or feedback of any kind, so now I just post because it's my way of being involved, since I'm basically a shut-in. A few people have called me an idiot. Truthfully, it bothered me more than I thought it would.
Having written two and a half novels, I can say that you should happy and proud that you were able to write a book. It's a wonderful feeling. For me, the writing is the actual accomplishment.
This does remind though of the following quote which I always keep in front of me:
Groucho Marx to S J Perelman: “From the moment I picked up your book until I put it down, I was convulsed with laughter. Some day I intend reading it.”
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2
Thank you for the wise words, donthelibertariandemocrat. And that Groucho Marx quote is brilliant.
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3
Having just finished a proof copy version of the book, I can assure everyone it is very thorough.
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