Volume 19: The Efficient Market Hypothesis
It's Why You (Probably) Can't Beat the Market “The stock market is a device for transferring money from the impatient to the patient,” – Warren Buffett As a society, we have decided to invest our time, our currency, and some of our greatest minds towards the task of beating the market. Teams of Ph. D’s sit in New York, Chicago, Greenwich and elsewhere, looking for any tiny edge they can exploit. They combine form a giant machine, taking in information, spitting out prediction