3 ms·
EMH is probably undecidable given like what you said "Self-referential systems are known to be deep pools of unmanageable complexity." An entangled web of horri
by goldenkey 10y ago
EMH is probably undecidable given like what you said "Self-referential systems are known to be deep pools of unmanageable complexity." An entangled web of horrible horribly reactive code/systems that percolate from some perverted sense of fundamentals to the furthest farthest markets an "efficient price." Knowing what we know about "markets" and the implementation of these markets, HFT, market makers, and the clusterfuck that is all the "financial" industry that tries to capitalize on little tiny arbitrage amounts..Yeah, the markets efficient, if efficient is a synonym for reactively retarded. The market is an elephant with the tail of a donkey that has nerves that propagate at the speed of light. Efficiency really doesn't mean much if the quality of the information that is efficiently transferred is between a retarded chameleon and a groundhog with a bad hair day. But as long as everyone agrees its an elephant and believes the myth that elephant prices make sense...