pull down to refresh

100 sats \ 1 reply \ @denlillaapan OP 4 May \ parent \ on: MONEY CLASS OF THE DAY: Market Efficiency: You Come Into MYYYYY HOUSE?! econ
yep, this is a good/relevant/level-3 type objection.
Happy to accept that it distorts info/makes it noisier to understand. But it's well-established in the literature that it only takes a small portion of active traders/investors to structurally shift the market price to EMH eq.
write
preview
24 sats \ 0 replies \ @grayruby 22h
I think that's fair but there must be some point as passive continues to grow that it completely overwhelms the ability of active traders to reprice the market.
reply