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Finance people (well, the ones that actually make money trading) don't put much stock in EMH either..
by smabie 4y ago
Finance people (well, the ones that actually make money trading) don't put much stock in EMH either..
- mikeyouse 4y agoI assume you mean they don’t put much stock in the strong EMH - Which is true, but the concept is the underpinning of most risk-weighted investing and some form of it (eg weak or semi-strong EMH) lines up nicely with why index funds outperform on a very broad basis. I’m trying to think of a good analogy to CS.. maybe “Good engineers don’t put much stock in artificial intelligence”