Would it be accurate to say: In the short-term, markets are ergodic. In the long-term, markets are non-ergodic.
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haha, it may not. Probably easier to explain the example of say a of a single blackjack player that has a 51% edge over time vs. an ensemble of 100 blackjack players that have a 51% edge. Over the short term (say 100 hands), it's very unlikely that the single player goes bust
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However, if you were to expand it to a billion hands, then there is likely some sequence of hands where the single player goes bust but the ensemble does not.
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