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The commonly held belief currently seems to be that you can't beat the markets. I've found this too narrow-minded. True, you can hardly beat the markets in thei
by mach1ne 4y ago
The commonly held belief currently seems to be that you can't beat the markets. I've found this too narrow-minded. True, you can hardly beat the markets in their own game, but you can find a game where you're the one with the information advantage.
- qsort 4y ago> The commonly held belief currently seems to be that you can't beat the markets. The commonly held belief is that you can't beat the markets consistently on a risk-adjusted basis, which is a much weaker statement. Furthermore, the idea that all private information is accounted for in the current price only holds in very strong variants of the EMH. I don't even disagree with what you're saying, but it's entirely uncontroversial.
- xivzgrev 4y agoIt’s not even that you “cant”, it’s that you are exceedingly unlikely to, esp over longer time horizons.
- tony_antony 4y agowell said, I think Elon is already doing that and having a great deal of fun while at it.