3 ms·
Well, it assumes no taxes (so it would only apply to Apple et al.), and also symmetric information and an efficient market (which are both debatable).
by semi-extrinsic 10y ago
Well, it assumes no taxes (so it would only apply to Apple et al.), and also symmetric information and an efficient market (which are both debatable).
- soVeryTired 10y agoThe assumptions are extremely strong, and the theory is not robust to changes in those assumptions. Agree?