[gnaritas]

Jumping into the middle of this, while you're clearly up on your science and math, you're arguing against a straw man of your own making. No one is arguing that there's a defined testable method of consistently beating the market. They're arguing that what traders do is consistently find temporary inefficiencies in the market and arb them away and then move on looking for an advantage somewhere else. So no that doesn't mean believing profit can be consistently had means the market can be drained of equity. And obviously any published strategy will quickly stop working, this is well known and accepted by pretty much everyone.

The argument you need to address is whether it's possible for a person to consistently find new opportunities to arbitrage some inefficiency out of the market without relying on arguments that assume there's only one method and that it always works.