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Does that mean everyone who does not have such a track record should believe in EMH? Or should they just not make arguments that do anything to contradict it?
by secretasiandan 16y ago
Does that mean everyone who does not have such a track record should believe in EMH? Or should they just not make arguments that do anything to contradict it? Or something else?
- yummyfajitas 16y agoIn any specific case, you should believe in the EMH. It's the safest assumption. And yes, once you are convinced that markets are inefficient, you should not make any public arguments contradicting the EMH. You should STFU until after you have earned so much money that you don't care about earning any more [1]. [1] Obviously you can talk to potential investors/employees/etc, keeping in mind that any one of them might steal your strategy.