“Market efficiency” is a useful model but one shouldn’t confuse it with reality.
Where exactly does the market efficiency (er, inexploitability (by me or my friend (when we use simple strategies))) model detach from reality? Can we find an expectation that we disagree on?
“Market efficiency” is a useful model but one shouldn’t confuse it with reality.
Where exactly does the market efficiency (er, inexploitability (by me or my friend (when we use simple strategies))) model detach from reality? Can we find an expectation that we disagree on?