Quote (ofthevoid @ Mar 8 2021 05:51pm)
I 'member learning about the efficient markets theory but as I look at the market today and see a company like Apple down 20% in the last 1-2 months which rakes in tens of billions per quarter and then see a company with an obsolete business model like game stock up 5000% in the last year I really have to question this theory lol.
The retards broke logic.
Very few people believe in strong form EMH afaik, the consensus is that it's semi-strong, meaning you can only beat the market in the long run by insider trading. Evidence suggests that is true because less than 10% of active fund managers beat the market over a period of 10-15 years