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Your second point could only be true if markets were infinitely intelligent. https://arxiv.org/pdf/1002.2284.pdf https://arxiv.org/pdf/1002.2284.pdf
by api 7y ago
Your second point could only be true if markets were infinitely intelligent.
https://arxiv.org/pdf/1002.2284.pdf https://arxiv.org/pdf/1002.2284.pdf
- darawk 7y agoThey're not infinitely intelligent. They're just almost always more intelligent than you (or me).