Re:Jane Street Market Prediction ($100k Kaggle competition)
by logicslave on Wednesday November 25, 2020 @08:07PM
(#25215991)
"Hey, there's a dollar lying on the ground!"
Found the efficient market hypothesis believer, classic failing of economic theory.
Theres no alpha in the stock market!!!11!! If there was the completely efficient allocation of human capital, access of information, opportunity cost would strip it out so fast!!!
Re:Jane Street Market Prediction ($100k Kaggle competition)
by xapata on Wednesday November 25, 2020 @10:14PM
(#25216511)
Yep, indeed I am. The same way I think casinos don't mind if you try to count cards at blackjack.
Re:Jane Street Market Prediction ($100k Kaggle competition)
by marketgod on Wednesday November 25, 2020 @09:45PM
(#25216394)
He said it pretty clearly. It's easy money if you look at it and work at it. The issue is most people don't have enough capital to try or don't have the balls to follow through. I've had many try my system and they can't hold the hard times.
> easy money laying around
There's a bit of dissonance between the way you've characterized this process in different comments. That's my point.
"Hey, there's a dollar lying on the ground!"
"Can't be. Someone would have picked it up."
> destroying the US dollar and hyper inflating all the assets
Sounds like a good strategy to bring manufacturing back to the US. They've said the new policy is high employment.