4 ms·
> Do you think companies randomly decide merge? Do you think antitrust investigations are random? The SEC flips a coin every morning? Of course not. But the pe
by mckn1ght 3y ago
> Do you think companies randomly decide merge? Do you think antitrust investigations are random? The SEC flips a coin every morning?
Of course not. But the people that can actually gain from such knowledge presumably aren’t able to use it to make decisions on whether to buy or sell stock. That’s the opposite of the position casinos are in.
> the markets are practically efficient
I’ll just echo the original comment you replied to in this chain:
> > Tell that to the Enron employees who had all of their retirement 401k in Enron stock.
Not to mention dot com bagholders.