I’ve been saying this for years. EMH is just sour grapes, it is exactly like all those news stories about how people who won the lottery don’t enjoy their money.
Whenever there is a thing that people can do, and some don’t, a demand exists for stories that tell them that they are wise, even heroic, for not doing the thing. Arguments are Soldiers, Beware One Sided Tradeoffs, all those articles sort of gesture at this. That demand will be met because making up a lie is easy and people like upvotes.
EMH is a complicated way to say ‘your decision to do nothing was the best one.‘, even when that manifestly isn’t true. Try and write down what people will say before them ‘I make 70-200% without risk in 2 months’ and see if you get bingo. ‘The House Always Wins’ is your free middle square.
I’ve been saying this for years. EMH is just sour grapes, it is exactly like all those news stories about how people who won the lottery don’t enjoy their money.
Whenever there is a thing that people can do, and some don’t, a demand exists for stories that tell them that they are wise, even heroic, for not doing the thing. Arguments are Soldiers, Beware One Sided Tradeoffs, all those articles sort of gesture at this. That demand will be met because making up a lie is easy and people like upvotes.
EMH is a complicated way to say ‘your decision to do nothing was the best one.‘, even when that manifestly isn’t true. Try and write down what people will say before them ‘I make 70-200% without risk in 2 months’ and see if you get bingo. ‘The House Always Wins’ is your free middle square.