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In no way do these people disprove the argument or other EMH-like arguments (efficient market hypothesis). In many random distributions, if you sample enough y
by MiroF 7y ago
In no way do these people disprove the argument or other EMH-like arguments (efficient market hypothesis).
In many random distributions, if you sample enough you're going to get outcomes at the tails.
- pmoriarty 7y agoHow can the EMH be falsified?
- barry-cotter 7y agoThat would imply mean reversion. Investors who have been successful in the past should be no more likely than average to be successful in the future. That is not what we observe in VC.