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> Efficient capital markets are an extremely important part of a market economy. i was under the understanding that the entire point of the medallion fund is t
by nikofeyn 7y ago
> Efficient capital markets are an extremely important part of a market economy.
i was under the understanding that the entire point of the medallion fund is that markets are not efficient and can be taken advantage of, which is exactly how medallion works.
- darawk 7y agoThat is exactly right, but as Medallion takes advantage of them, they become efficient with respect to Medallion's trading strategies.