3 ms·
The efficient market hypothesis is bleeding out in an alley.
by oneoff786 5y ago
The efficient market hypothesis is bleeding out in an alley.
- WJW 5y agoOverly excited investors have been part of the markets since forever. Even Newton remarked on his inability to predict "the madness of the crowds". The strong EMH has never been taken seriously anywhere outside of academia, precisely because everyone can find abundant counterexamples just by looking around on the trading floor. The weak EMH works on much longer timescales than a few years and will be absolutely fine.