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by jcampbell1 4783 days ago
I think the real problem is that they are never explained the EMH during their lunch hour. Instead they hear about other doctor's winning investments, and it creates a stupidity cycle. I am pretty sure if I asked about investing at any tech company during lunch, someone would explain EMH to me. I could be wrong.

I personally don't believe markets are always efficient, but I always think from the perspective of why I think the market is right or wrong.

1 comments

As any engineer knows, nothing is 100% efficient.

I think a better way of describing the market is as a competitive game. Roger Federer may not play tennis "perfectly" -- what would that even mean? -- but you know what's going to happen if you or I step out onto the court with him.