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the markets are too stupid to have done the maths Lucky for us, the markets are made up entirely of perfectly-informed, perfectly-rational, perfectly-self-inte

the markets are too stupid to have done the maths Lucky for us, the markets are made up entirely of perfectly-informed, perfectly-rational, perfectly-self-interested frictionless spherical humanoids in uniform harmonic motion.

peteretep 12y ago
That's a straw man. If you think the markets are as predictable as you're suggesting they are, put your money where your mouth is. Otherwise, best to assume the information has already been priced in.
- mjevans 12y ago
  It seems satire is lost on you.
  - peteretep 12y ago
    You mean sarcasm, and you should read more carefully. The post was implying that markets are irrational, through sarcasm, and that in fact it was possible to predict this irrationality. HTH HAND.