IRS Files $44B Claims Against Bankrupt FTX

Re:IRS Files $44B Claims Against Bankrupt FTX by kelnos on Thursday May 11, 2023 @03:33PM (#35907280)

I think it's reasonable to believe in efficient markets, but also understand that pricing in markets is a) made up of imperfect information, and b) subject to outside influences like emotion, propaganda, etc.

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Re:IRS Files $44B Claims Against Bankrupt FTX by xapata on Thursday May 11, 2023 @03:46PM (#35907450)

Those are inconsistent beliefs, if we're talking about Eugene Fama's hypothesis.

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Re:IRS Files $44B Claims Against Bankrupt FTX by Naga on Thursday May 11, 2023 @07:13PM (#35909600)

Just like the rest of economics, the efficient market hypothesis is a nice model without any basis in reality. The fact that speculative bubbles exist should be enouh to disprove it.

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Re:IRS Files $44B Claims Against Bankrupt FTX by xapata on Thursday May 11, 2023 @10:27PM (#35911195)

I guess that's the big question. Market behavior certainly can look like there are speculative bubbles, but Fama hypothesizes a different interpretation of the evidence.

I'm not a believer, but there is some value in the thought.

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