5 ms·
I think what is unquestionable is that statistically, given available information, it is hard to make money against other market participants. It is a form of
by rich_sasha 1y ago
I think what is unquestionable is that statistically, given available information, it is hard to make money against other market participants.
It is a form of informational efficiency, but it does not necessarily follow that prices are even statistically correct. The market can be irrational for longer than you can remain solvent.