News for hackers. Stuff that matters.

A comment on Calling All Hackers: How money works (2024). Parent comment

Re:Calling All Hackers: How money works (2024) by eru on Thursday January 08, 2026 @02:20AM (#46538218)
When you say 'random' you probably mean that market prices are a Martingale? See https://en.wikipedia.org/wiki/Martingale_(probability_theory...

That's very, very related to being efficient.

> Assimilating the two just Fama's motte-and-bailey fallacy.

No, not at all.

[ Parent | on HN ]
Re:Calling All Hackers: How money works (2024) by littlestymaar on Thursday January 08, 2026 @06:19AM (#46539771)
> That's very, very related to being efficient.

“No, not at all”.

[ Parent | on HN ]