The Efficient Checkout Line

A nice post from the 'My Money' blog exploring a concept that's taken a big hit in the last year: the Efficient Market Hypothesis.

The author reviews the analogy of picking the shortest line in the supermarket checkout from the book, Undercover Economist, and explains in layman's terms why it (and, by extension, picking stocks) is difficult at best and folly at worst.

Thanks to Brian Eufinger for sending me this post.