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You're missing the simple fact that this idea that the market will arrive at every positive thing that can be quantified is simply wrong. Markets will very very
by simiones 2y ago
You're missing the simple fact that this idea that the market will arrive at every positive thing that can be quantified is simply wrong. Markets will very very often converge on local maxima if allowed to. This is obvious if you think about it from a simple computational perspective: markets at best do a random walk search, and that can only ever find a local maximum, not the global maximum of a function.