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← The efficient market hypothesis is at best a very lossy heuristic

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6 connected korrents · 6 moments on record from 11 Jan 2021 to 4 Sept 2026.

Same subjectSame subjectSame subjectSame subjectSame subjectSame subject The efficient markethypothesis is at best avery lossy heuristic NF Nat Friedman — holds since 2026-09-04 Technology has made markets less efficient at long horizons rather than more efficient. Technology has mademarkets less efficient… CA Cliff Asness — holds since 2024-09-03 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. The stock market hasbecome less… CA Cliff Asness — holds since 2024-09-03 Even the most advanced AI cannot be followed blindly in investing, where value added is zero-sum and what is widely known is therefore worth little. Even the most advancedAI cannot be followed… RD Ray Dalio — holds since 2026-06-10 Day trading and technical analysis are proven not to work. Day trading andtechnical analysis are… PL Pieter Levels — holds since 2026-08-17 Quantitative rules are not a reliable tool for ensuring government debt sustainability. Quantitative rules arenot a reliable tool for… OB Olivier Blanchard — holds since 2022-06-01 The value-versus-growth distinction does not serve investors well in a fast-changing world. The value-versus-growthdistinction does not… HM Howard Marks — holds since 2021-01-11
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