3 ms·
Yes, the point you're referencing is wrong. Your last point is correct. We can't extrapolate the fact that indices are designed to return averages of some marke
by throwawaymath 8y ago
Yes, the point you're referencing is wrong. Your last point is correct. We can't extrapolate the fact that indices are designed to return averages of some market to the claim that indices can't be beaten without assuming the EMH first.