For the last 25 years you have been trying to make currency investments more efficient. Given the distortions in the market today, isn’t this an impossible mission?
Richard Olsen: I don’t think so. However, the current distortions in the market show that the economic mechanisms behind the foreign exchange markets are not understood well enough. In particular, the fact that the economy is not static, but in a constant state of change, is ignored. The situation is comparable to classical physics before 1900: only Einstein’s theory of relativity, which took the dynamical behaviour into account, allowed for a breakthrough.
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