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

17 connected korrents · 17 moments from 1 Aug 2021 to 18 Sept 2026.

Everything filed under market efficiency market efficiency Everything filed under capitalism capitalism Everything filed under crypto crypto Everything filed under price gouging price gouging Everything filed under ambition ambition Everything filed under investing investing Same subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subject Read this korrent: The efficient market hypothesis is at best a very lossy heuristic The efficient market hypothesis is at besta very lossy heuristic Last stated 2 months ago 4 Sept 2026 NF Nat Friedman — holds since 2026-09-04 — tap for who they are Same subject: Technology has made markets less efficient at long horizons rather than more efficient. — tap to centre the map on it Technology has made markets lessefficient at long horizons ratherthan more efficient. Last stated 2 years ago 3 Sept 2024 CA Cliff Asness — holds since 2024-09-03 — tap for who they are Same subject: The market place of ideas isn't perfectly efficient or perfectly rational — tap to centre the map on it The market place of ideas isn'tperfectly efficient or perfectlyrational Last stated 2 years ago 8 Jun 2024 DH David Heinemeier Hansson — holds since 2024-06-08 — 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 4 months ago 18 Jun 2026 AD Aswath Damodaran — holds since 2026-06-18 — 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: Samuelson's random-walk analogy for stock prices was mathematical showing-off dressed up as a claim about the real world. — tap to centre the map on it Samuelson's random-walk analogy forstock prices was mathematicalshowing-off dressed up as a claimabout the real world. Last stated 3 years ago 30 May 2023 AG Andrew Gelman — holds since 2023-05-27 — tap for who they are AG Andrew Gelman — no longer holds since 2023-05-30 — tap for who they are Same subject: Thinking harder about a decision has diminishing returns because reality is inherently unknowable. — tap to centre the map on it Thinking harder about a decision hasdiminishing returns because realityis inherently unknowable. Last stated 5 years ago 22 Feb 2022 NN Neel Nanda — holds since 2022-02-22 — tap for who they are Same subject: 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. — tap to centre the map on it Even the most advanced AI cannot befollowed blindly in investing, wherevalue added is zero-sum and what iswidely known is therefore worthlittle. Last stated 4 months ago 10 Jun 2026 RD Ray Dalio — holds since 2026-06-10 — tap for who they are Same subject: In investing, extra effort tends to correlate negatively with results for the vast majority of people, with some exceptions such as Renaissance Technologies. — tap to centre the map on it In investing, extra effort tends tocorrelate negatively with resultsfor the vast majority of people,with some exceptions such asRenaissance Technologies. Last stated 2 years ago 28 May 2024 MH Morgan Housel — holds since 2024-05-28 — tap for who they are Same subject: Draconian price controls are among the most ruinous economic policies a government can impose. — tap to centre the map on it Draconian price controls are amongthe most ruinous economic policies agovernment can impose. Last stated a month ago 18 Sept 2026 SS Scott Sumner — holds since 2026-09-18 — tap for who they are Same subject: Dynamic pricing means prices decrease as well as increase. — tap to centre the map on it Dynamic pricing means pricesdecrease as well as increase. Last stated a month ago 13 Sept 2026 PG Paul Graham — holds since 2026-09-13 — tap for who they are Same subject: Europe's carmakers spent the early 2020s raising prices and profits at their customers' expense, and narrowed their own market doing it. — tap to centre the map on it Europe's carmakers spent the early2020s raising prices and profits attheir customers' expense, andnarrowed their own market doing it. Last stated 3 months ago 22 Jul 2026 AT Adam Tooze — holds since 2026-07-22 — tap for who they are Same subject: A competitive market involves no personal rivalry and no personal haggling — tap to centre the map on it A competitive market involves nopersonal rivalry and no personalhaggling MF Milton Friedman — holds since c. 1962 — tap for who they are Same subject: A market becomes commodified through fungibility of alternatives, not merely through lower price. — tap to centre the map on it A market becomes commodified throughfungibility of alternatives, notmerely through lower price. Last stated 2 months ago 26 Aug 2026 RK Rohit Krishnan — holds since 2026-08-26 — tap for who they are Same subject: A market economy rewards putting land under campsites and horse liveries rather than under food, and that is the wrong thing to reward. — tap to centre the map on it A market economy rewards puttingland under campsites and horseliveries rather than under food, andthat is the wrong thing to reward. Last stated 3 years ago 9 Dec 2023 CS Chris Smaje — holds since 2023-12-09 — tap for who they are Same subject: A tracing requirement in an encrypted messenger gives up the confidentiality of who sent what, which is the part that protects the sender. — tap to centre the map on it A tracing requirement in anencrypted messenger gives up theconfidentiality of who sent what,which is the part that protects thesender. Last stated 5 years ago 1 Aug 2021 MG Matthew Green — holds since 2021-08-01 — tap for who they are Same subject: Bitcoin creates more upside and downside than traditional money because it makes users power users with no system administrator to fall back on. — tap to centre the map on it Bitcoin creates more upside anddownside than traditional moneybecause it makes users power userswith no system administrator to fallback on. Last stated 3 months ago 12 Jul 2026 BS Balaji Srinivasan — holds since 2026-07-12 — tap for who they are Same subject: Code-signing with self-signed certificates makes security worse rather than better. — tap to centre the map on it Code-signing with self-signedcertificates makes security worserather than better. Last stated 6 months ago 25 Apr 2026 CW Chris Wellons — holds since 2026-04-25 — tap for who they are
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At the centre The efficient market hypothesis is at best a very lossy heuristic Last stated 4 Sept 2026 · 2 months ago Holds Nat Friedman Read this korrent →