George Soros is living proof that the Efficient Market Hypothesis (EMH) is complete garbage. In fact, he takes on the fallacy of EMH in this interview. His historical rate of return eclipses Warren Buffett’s. He is a trend follower to the extreme and in his opinion, the worst error a trader can make is not being bold enough when you’re right on a position.
Greenspan neglected to raise margin rates which would have had no effect upon the US or Global economy but would have signaled plenty and eventually lowered derivatives and leverage.