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" Right, but what they are supposed to be modeling is the market, so if they went broke doing so they failed at doing that. [0]" soo now we've moved from "take
by majormajor 3y ago
" Right, but what they are supposed to be modeling is the market, so if they went broke doing so they failed at doing that. [0]"
soo now we've moved from "take advantage of investors being stupid by trading against it inidivudally" to "accomplish a FAR HARDER task by modeling the whole market". Cool cool, moving goalposts for days.
Calling certain investors stupid is hardly contradicting the idea that the market as a whole will sort itself out in the end.