+1BTC:18.09.26@6390, 18.11.07@6588, PL: +198$(+3%)
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Motivation
In financial economics, the efficient-market hypothesis, states that assets always trade at their fair value, and that price fully reflect all available information; a direct implication is that it’s impossible to beat the market consistently on a risk-adjusted basis.
However, historical records of indices and institutional mutual funds with consistent profits over the past decades, although don’t disprove the hypothesis, might postulate that either the underlying markets of their portfolio are inefficient, or that the three forms of the theory is a hoax promoted by envious economists who can’t develop a successful strategy.
While the argument that most announced profits are not risk-adjusted, or that the markets are inefficient, might be true, it doesn’t imply that the profits are not genuine, aside from the fact that market inefficiencies being the main ore of potentially successful trades, we are not entitled to discuss economics nor the efficient-market hypothesis within this scope.
To be continued..
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"In art he, Thoth, was often depicted as a man with the head of an ibis bird"
999ug
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Motivation
In financial economics, the efficient-market hypothesis, states that assets always trade at their fair value, and that price fully reflect all available information; a direct implication is that it’s impossible to beat the market consistently on a risk-adjusted basis.
However, historical records of indices and institutional mutual funds with consistent profits over the past decades, although don’t disprove the hypothesis, might postulate that either the underlying markets of their portfolio are inefficient, or that the three forms of the theory is a hoax promoted by envious economists who can’t develop a successful strategy.
While the argument that most announced profits are not risk-adjusted, or that the markets are inefficient, might be true, it doesn’t imply that the profits are not genuine, aside from the fact that market inefficiencies being the main ore of potentially successful trades, we are not entitled to discuss economics nor the efficient-market hypothesis within this scope.
To be continued..
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"In art he, Thoth, was often depicted as a man with the head of an ibis bird"
999ug
