4 ms·
you may want to talk to all the people who take the idea quite seriously as a critique of market speed in reaching equilibrium.
by nazgulnarsil 16y ago
you may want to talk to all the people who take the idea quite seriously as a critique of market speed in reaching equilibrium.
- iwwr 16y agoIt just means that you can have large numbers of participants being wrong and so, by their sheer weight become unmanageable to a smaller entity which however has the correct picture. This is why short-selling is not for the faint of heart. You need to know not just that the market is wrong, but when it will realize it is wrong.