"Crisis of faith for high priests of rational markets"

Crisis of faith for high priests of rational markets By Gillian Tett Published: June 15 2009 18:37 | Last updated: June 15 2009 18:37 A new realisation has dawned among the most fervent advocates of financial analysis and collective investor wisdom – markets are not always rational. For the past five decades, the Chartered Financial Analyst Institute has been teaching the tenets of analysis based on efficient markets to tens of thousands of adherents around the world who work in the banks, fund mangers and investment houses that make-up the global financial system… (http://www.ft.com/cms/s/0/4a51fc5c-59cc-11de-b687-00144feabdc0.html?nclick_check=1)