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A comment on Are random trading strategies more successful than technical ones?. Parent comment
If the markets were efficient and equivalent to random brownian motion, Jim Simons wouldn't be producing 50%+ returns for decades non-stop in HFT.
His net worth is 25 billion dollars, and there are other countless billionaires, made from the "efficient" markets.
That's how much this fallacy is worth.
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If the markets were efficient and equivalent to random brownian motion, Jim Simons wouldn't be producing 50%+ returns for decades non-stop in HFT.
His net worth is 25 billion dollars, and there are other countless billionaires, made from the "efficient" markets.
That's how much this fallacy is worth.