> It should be noted that while markets may be mostly efficient, I do not think anyone is claiming they are completely efficient. This is false. Grandparent is

> It should be noted that while markets may be mostly efficient, I do not think anyone is claiming they are completely efficient. This is false. Grandparent is specifically claiming that markets are completely efficient. Here is a direct quote: "Whether you're an individual trader or a billionaire hedge fund manager, active strategies lose out to passive ones in the long run." In addition, many academics are also making this same ludicrous claim.