4 ms·

I think this is indeed nailing it. Companies are inefficient, but they get away with it because the market is even more inefficient.

• istjohn 7y ago
  I just want to point out that "Companies are inefficient, but they get away with it because the market is even more inefficient." is not at all what GP wrote.
  • 317070 7y ago
    Momentum and delay is a market inefficiency. The most efficient market is instantaneous.