3 ms·
That's one of the main problems with the efficient market hypothesis, actually. The EMH is false for values of "efficient" that are interesting, and the values
by nhaehnle 13y ago
That's one of the main problems with the efficient market hypothesis, actually.
The EMH is false for values of "efficient" that are interesting, and the values of "efficient" for which it might be true are boring and useless in the grander scheme of things.
A lot of needless bad blood enters discussions because everybody interprets the word "efficient" as they please.