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Plenty of evidence contradicts the efficient market hypothesis, showing that it's possible to outperform the average. The market's late response to Covid is a c
by zone411 3y ago
Plenty of evidence contradicts the efficient market hypothesis, showing that it's possible to outperform the average. The market's late response to Covid is a case in point.
The gambling analogy holds up only when you compare it to poker or sports betting, where you can make money if you're better than others.
- Otek 3y agoPoker - sure. But sports betting?
- zone411 3y agoYes, e.g. https://www.cbsnews.com/news/sports-bettor-billy-walters-winning-streak-13-01-2011/ https://www.cbsnews.com/news/sports-bettor-billy-walters-win... "Over a period of 39 years, Walters had only one losing year, with a 30-year winning streak"
- chii 3y ago> Plenty of evidence contradicts the efficient market hypothesis name some. I think the market is quite close to, but not perfect. There's _some_ places where you can eck out an edge, but it's very slight.