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Many reject the Efficient Markets Hypothesis. Few do so while lying atop a gigantic pile of money.
by patio11 12y ago
Many reject the Efficient Markets Hypothesis. Few do so while lying atop a gigantic pile of money.
- jjoonathan 12y agoSo if the markets are all efficient then how did they get the pile of money?
- monochromatic 12y agoThere will always be outliers.`
- wikwocket 12y agoNo one has a pile of money. That's the point. Many people come up with theories on how to beat the market by using some novel theory or algorithm. These people generally have not successfully tested these theories (and made the aforementioned piles of money). (This is why I follow patio11. Reading his tweets and HN comments is not unlike unpacking a particularly obtuse if-else-if statement block. Difficult, but rewarding!)