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> However, since the financial markets are close to efficient, it is difficult to use such information to make money. If you can, you should consider getting a
by psyfi 4y ago
> However, since the financial markets are close to efficient, it is difficult to use such information to make money. If you can, you should consider getting a job on Wall Street.
This is not correct in all cases
People who sold their crypto first when they just saw the publicly available news about inflation, stopped more loss than many other people, because they just reacted faster, not because they are actually capable for Wall Street jobs.
Same for people who bought gold when they heard about Russian military build up on Ukrainan border.
Same for the normal guys who decided it's the time to buy another car and to wait before selling the current, when they heard a chip shortage is approaching
Same for people who bought Pfizer stocks in January 2020