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← Technology has made markets less efficient at long horizons rather than more efficient.

11 connected korrents · 12 moments on record from 11 Jan 2021 to 4 Sept 2026.

Everything filed under market efficiency market efficiency Everything filed under stock market stock market Everything filed under value investing value investing Everything filed under innovation innovation Same subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subject Read this korrent: Technology has made markets less efficient at long horizons rather than more efficient. Technology has made markets less efficientat long horizons rather than moreefficient. Last stated 2 years ago 3 Sept 2024 CA Cliff Asness — holds since 2024-09-03 — tap for who they are Same subject: The stock market has become less informationally efficient over the past thirty-plus years, particularly in the relative pricing of common stocks over medium horizons. — tap to centre the map on it The stock market has become lessinformationally efficient over thepast thirty-plus years, particularlyin the relative pricing of commonstocks over medium horizons. Last stated 2 years ago 3 Sept 2024 CA Cliff Asness — holds since 2024-09-03 — tap for who they are Same subject: The claim that passive investing has made markets less efficient is overwrought. — tap to centre the map on it The claim that passive investing hasmade markets less efficient isoverwrought. Last stated 3 months ago 18 Jun 2026 AD Aswath Damodaran — holds since 2026-06-18 — tap for who they are Same subject: The case for a technological slowdown since about 1970 is not convincing. — tap to centre the map on it The case for a technologicalslowdown since about 1970 is notconvincing. Last stated 6 years ago 23 Jan 2021 JC Jason Crawford — no longer holds since 2021-01-23 — tap for who they are Same subject: The efficient market hypothesis is at best a very lossy heuristic — tap to centre the map on it The efficient market hypothesis isat best a very lossy heuristic Last stated 3 days ago 4 Sept 2026 NF Nat Friedman — holds since 2026-09-04 — tap for who they are Same subject: The long trend of making it easier for ordinary people to index more of the economy will resume, and AI itself will help by cutting the cost of going public. — tap to centre the map on it The long trend of making it easierfor ordinary people to index more ofthe economy will resume, and AIitself will help by cutting the costof going public. Last stated 3 months ago 4 Jun 2026 PT Phil Trammell — holds since 2026-06-04 — tap for who they are Same subject: The value-versus-growth distinction does not serve investors well in a fast-changing world. — tap to centre the map on it The value-versus-growth distinctiondoes not serve investors well in afast-changing world. Last stated 6 years ago 11 Jan 2021 HM Howard Marks — holds since 2021-01-11 — tap for who they are Same subject: Innovation that answers a policy-made price rather than real scarcity leaves the world no better off, however good the science inside it. — tap to centre the map on it Innovation that answers apolicy-made price rather than realscarcity leaves the world no betteroff, however good the science insideit. Last stated 4 years ago 2 Mar 2023 LP Lant Pritchett — holds since 2023-03-02 — tap for who they are Same subject: Technological determinism is only believable low down the tech tree; higher up we already choose which paths not to take. — tap to centre the map on it Technological determinism is onlybelievable low down the tech tree;higher up we already choose whichpaths not to take. Last stated 5 months ago 7 Apr 2026 MN Michael Nielsen — holds since 2026-04-07 — tap for who they are Same subject: Almost all of the dot-com era's exuberance turned out to be warranted; we remember the failures and forget the value that era created. — tap to centre the map on it Almost all of the dot-com era'sexuberance turned out to bewarranted; we remember the failuresand forget the value that eracreated. Last stated a year ago 18 Aug 2025 BT Bret Taylor — holds since 2025-08-18 — tap for who they are Same subject: Almost no mutual fund earns the fees it charges, so most investors are better off buying an index fund. — tap to centre the map on it Almost no mutual fund earns the feesit charges, so most investors arebetter off buying an index fund. Last stated 3 years ago 20 Feb 2024 BA Bill Ackman — holds since 2024-02-20 — tap for who they are Same subject: An investor's starting point should be the portfolio that is best to hold independent of any tactical market view — tap to centre the map on it An investor's starting point shouldbe the portfolio that is best tohold independent of any tacticalmarket view Last stated 2 weeks ago 25 Aug 2026 RD Ray Dalio — holds since 2026-02-19 — tap for who they are NM Nick Maggiulli — holds since 2026-08-25 — tap for who they are
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At the centre Technology has made markets less efficient at long horizons rather than more efficient. Last stated 3 Sept 2024 · 2 years ago Holds Cliff Asness Read this korrent →