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Re:Jane Street and the OCaml Compiler (2018) [video] by nikofeyn on Friday March 27, 2020 @04:10AM (#22701139)
> Efficient capital markets are an extremely important part of a market economy.

i was under the understanding that the entire point of the medallion fund is that markets are not efficient and can be taken advantage of, which is exactly how medallion works.

Re:Jane Street and the OCaml Compiler (2018) [video] by darawk on Friday March 27, 2020 @03:51PM (#22706179)
That is exactly right, but as Medallion takes advantage of them, they become efficient with respect to Medallion's trading strategies.