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Eugene Fama explained how people become mysteriously rich in the early 70s
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Date: December 30th, 2024 3:33 PM Author: https://imgur.com/a/o2g8xYK joke's on you for not believing him. (http://www.autoadmit.com/thread.php?thread_id=5656879&forum_id=2#48502104) |
Date: December 30th, 2024 3:35 PM Author: trumpslide Go on (http://www.autoadmit.com/thread.php?thread_id=5656879&forum_id=2#48502114) |
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Date: December 30th, 2024 4:06 PM Author: https://imgur.com/a/o2g8xYK EMH has three forms: weak, semi-strong and strong. Everyone tells you they believe in weak form but no one confesses to believing in strong form, because the implication is that anyone who consistently beats the market YOY has inside information. (http://www.autoadmit.com/thread.php?thread_id=5656879&forum_id=2#48502243) |
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Date: January 1st, 2025 9:15 PM Author: trumpslide You’re just saying that semi strong form of EMH is correct and anyone who becomes excessively rich from the market is either a criminal or lucky? Everyone knows that already (http://www.autoadmit.com/thread.php?thread_id=5656879&forum_id=2#48508988) |
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Date: January 1st, 2025 9:38 PM Author: https://imgur.com/a/o2g8xYK Why are you putting words in my mouth? What I said was easy to understand the way I wrote it, faggot (http://www.autoadmit.com/thread.php?thread_id=5656879&forum_id=2#48509066) |
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Date: January 2nd, 2025 3:48 PM Author: trumpslide It wasn’t, and it is you who are the faggot. HTH. (http://www.autoadmit.com/thread.php?thread_id=5656879&forum_id=2#48511907) |
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Date: January 2nd, 2025 9:18 PM Author: https://imgur.com/a/o2g8xYK If I asked you to explain Warren Buffet's success, you'd immediately devolve and grunt like an ape. That's the thing. (http://www.autoadmit.com/thread.php?thread_id=5656879&forum_id=2#48512997) |
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Date: December 30th, 2024 4:12 PM Author: https://imgur.com/a/o2g8xYK I should add that I'm familiar with the accusation that EMH is circular reasoning. That's what Paul Krugman says. That what they all say.
But if EMH is circular, then so is any evidence anyone can invoke to disprove it. So instead of trying to prove or disprove it, why not take a precautionary approach and assume the worst? What's the problem with that approach? |
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Date: January 2nd, 2025 3:59 PM Author: ataraxic autists tie themselves into ridiculous knots and embroil themselves in ridiculous arguments trying to justify these stylized models as newtonian laws (and also arguing against them as though that was the point). it's the most boomer coded shit in academic finance. (http://www.autoadmit.com/thread.php?thread_id=5656879&forum_id=2#48511945) |
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Date: January 2nd, 2025 6:19 PM Author: https://imgur.com/a/o2g8xYK Boomers were the ones who held up this old ass man's Nobel prize for 40 years. (http://www.autoadmit.com/thread.php?thread_id=5656879&forum_id=2#48512380) |
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Date: January 2nd, 2025 6:48 PM Author: ataraxic i mean the inanity of the debate around the significance and utility of his work
retards and boomer academics bitch and moan that it's wrong because people do profit in public markets. and then george mason retards throw bow ties and copies of henry hazlitt at them. it's just an academic construction and there's nothing wrong with it as such but it brings out the tryhard fag in everybody. |
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Date: January 2nd, 2025 9:23 PM Author: https://imgur.com/a/o2g8xYK Everyone started doing it long before anyone wanted to talk about any of the theoryshit. After a certain point, every book on "How to Invest" sold at Barnes & Noble just said "buy index funds." After 15-20 years of this, the Nobel committee finally gave the dood his prize. They had no choice, since they were probably all investing in index funds too. (http://www.autoadmit.com/thread.php?thread_id=5656879&forum_id=2#48513004) |
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Date: January 2nd, 2025 4:02 PM Author: DewarsDude what i never got about EMH -- who are the price setters? surely active managers? and boglehead dweebs just take the price HFT and hedge fund kings bid? (http://www.autoadmit.com/thread.php?thread_id=5656879&forum_id=2#48511956) |
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Date: January 2nd, 2025 6:17 PM Author: https://imgur.com/a/o2g8xYK Pension fund managers. Some folks think we should privatize Social Security (http://www.autoadmit.com/thread.php?thread_id=5656879&forum_id=2#48512371) |
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Date: January 2nd, 2025 7:01 PM Author: theranchman ...what?
who sets bids at an auction where random people are permitted to make bids? |
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Date: January 2nd, 2025 9:26 PM Author: https://imgur.com/a/o2g8xYK Here's another possibility: it's insiders trading on what they know.
The canonical illustration I was given (IIRC) was Worldcomm. The stonk collapsed all of a sudden but no one could figure out why. Imagine everyone on Wall Street scratching their heads, going "I didn't short/dump a shitload of Worldcomm stock just now, did you?"
This was what ultimately triggered the criminal investigation that exposed Bernie Ebbers' white collar crimes. |
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Date: January 2nd, 2025 6:51 PM Author: Horus Lupercal I believe in the Efficient Basketball Hypothesis
even in a world where NBA players make shots purely at random you would expect some small %, maybe 0.5% or so, who look like "elite" scorers ala Steph or LeBron
there is no evidence that top basketball players are anything but lucky |
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Date: January 2nd, 2025 6:52 PM Author: sensitive internet thug 180 (http://www.autoadmit.com/thread.php?thread_id=5656879&forum_id=2#48512520) |
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Date: January 2nd, 2025 9:15 PM Author: https://imgur.com/a/o2g8xYK https://youtu.be/CJAIyXQ5wNU?si=28RUXoNHQ33GgHMq (http://www.autoadmit.com/thread.php?thread_id=5656879&forum_id=2#48512989) |
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Date: January 2nd, 2025 6:59 PM Author: theranchman ill bite. id love a schizo's argument on how and why markets arent efficient. (http://www.autoadmit.com/thread.php?thread_id=5656879&forum_id=2#48512542) |
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Date: January 2nd, 2025 9:15 PM Author: https://imgur.com/a/o2g8xYK Why would anyone argue the opposite of what I'm strongly implying? (http://www.autoadmit.com/thread.php?thread_id=5656879&forum_id=2#48512991) |