Money, Money, Money (and Investing) (2015)

Re:Money, Money, Money (and Investing) (2015) by lupire on Sunday December 25, 2022 @12:11AM (#34124488)

You are describing an unfree market. By definition, the EMH applies to a free market where people choose where to put their money.

The EMH says nothing about efficiency of producing value, only about price discovery.

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Re:Money, Money, Money (and Investing) (2015) by dragonwriter on Sunday December 25, 2022 @12:13AM (#34124492)

> By definition, the EMH applies to a free market where people choose where to put their money.

“The EMH only applies to an idealized analytical fiction and is not applicable to the real world” would also be a problem with the EMH.

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Re:Money, Money, Money (and Investing) (2015) by jongjong on Sunday January 01, 2023 @06:41AM (#34205557)

Totally. It is a valid critique. Suggesting that it's valuable in a hypothetical environment is similar to the "not true communism" defense used by communists to explain past failures.

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