on the topic of EMH: it seems like the impossibility of beating the market (in excess of the cost of information acquisition) is a blow to meritocracy, yet EMH was always sold as "markets are great, deregulate everything
" and not "rich people are lucky grifters." Why?
Replying to @ryxcommar
Belief in (capital) markets as a unknowable but <efficient /> computational God means everything is subject to interpretation and if there are bad consequences it’s no one’s fault but if you don’t make money you’re to blame?
8:55 AM - 22 Aug 2019
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