Possible explanation for the rapid rise in price? Over 200 million people in Africa.
According to multiple reports online Mavrodi is running a giant ponzi scheme in Africa and several other lesser developed countries where participants are told they can make "30% to 50% returns monthly" and...
The efficient professor hypothesis, at work once again. :D
The efficient professor hypothesis simply states: "If the efficient professor publishes enough books convincing their students and readers markets are perfectly efficient, some will believe it."
One of the problems which "may" result has to do with risk adjusted returns.
According to a research report I read within the past several years, which makes sense, is from a portfolio management perspective if one commingles multiple index funds and/or ETFs within their overall personal...