My understanding (mostly from Inadequate Equilibria) is something like “The Efficient Market Hypothesis doesn’t mean you can’t make money trading – people do in fact make mistakes, the world includes secrets, etc, which you can exploit.
But, to know which mistakes to exploit is not easy. If you focus on it professionally, and are reasonably talented, you can make… something like $60/hr on average, not like a bajillion dollars.”
My understanding (mostly from Inadequate Equilibria) is something like “The Efficient Market Hypothesis doesn’t mean you can’t make money trading – people do in fact make mistakes, the world includes secrets, etc, which you can exploit.
But, to know which mistakes to exploit is not easy. If you focus on it professionally, and are reasonably talented, you can make… something like $60/hr on average, not like a bajillion dollars.”