News for hackers. Stuff that matters.

A comment on Crypto dominoes fall in the wake of FTX's collapse. Parent comment

Re:Crypto dominoes fall in the wake of FTX's collapse by lottin on Tuesday November 22, 2022 @03:15AM (#33703306)
The theory doesn't say beating the market is impossible. It says is should be relatively rare.
[ Parent | on HN ]
Re:Crypto dominoes fall in the wake of FTX's collapse by baobabKoodaa on Tuesday November 22, 2022 @05:14PM (#33712314)
Wikipedia top-line sentence disagrees with you regarding what the theory says:

> The efficient-market hypothesis (EMH) is a hypothesis in financial economics that states that asset prices reflect all available information. A direct implication is that it is impossible to "beat the market" consistently on a risk-adjusted basis since market prices should only react to new information.

But anyway, it sounds like we agree on the main point: relatively few individuals are able to consistently beat the market.

[ Parent | on HN ]