Re:Hong Kong Exchanges Bids $39B to Take over London Stock E...
by klipt on Wednesday September 11, 2019 @12:39PM
(#20942063)
> “The market knows the future and has already completely priced it in” is disproved every time the market moves
Well at best you can know the future probabilistically. The fair price of flipping a coin and getting $2 on heads is $1, but once the coin is flipped, you have new information, and the fair price is either $2 (if it landed heads) or $0 (if tails).
Well at best you can know the future probabilistically. The fair price of flipping a coin and getting $2 on heads is $1, but once the coin is flipped, you have new information, and the fair price is either $2 (if it landed heads) or $0 (if tails).