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That's a valid point, but plenty of people do claim that "no one can have a market beating strategy". Strong EMH.
by ikeboy 10y ago
That's a valid point, but plenty of people do claim that "no one can have a market beating strategy". Strong EMH.
- hilop 10y agoAnd yet one of the assumptions of the EMH is that there are people who beat the market (using pre-public information), which is why you can't. The EMH is just saying that 31/32 teams will not win the Super Bowl. Unless there's a version of the EMH that doesn't believe in the speed of light.
- darawk 10y agoThose people are demonstrably wrong. See: all successful quant funds, HFT firms, etc..