Very well said, jem. Why not expand EMH to corporations? Let's calculate average ROE for all publicly traded companies in the world over the last 80 years and call it a benchmark. Now, let's say to CFOs: c'mon stop dreaming, market is efficient, your company can't do better than that! I prefer to call it "inefficiency". They change over time. As jem stated "But there is nothing in the universe that states the market will be up 10 20 30 or 40 years from now" - it's also not sure what level of inefficiencies we'll have in the years to come. Short term frames were great in 1999 to mid 2001. Now daily ranges (in % terms) are smaller, but crazy days can back.
ditto that too.... I'm feeling agreeable today but most of the guys I know personally as friends who made it big on the exchanges here, had only high school or a State university B.S. , but were street smart
ok vlad, you win the masturbator king award, keep it up and see how much money it makes you. I'll be trading and investing while you yank your crank and pretend that you are smart.
I submit that over 10,000 year periods, the markets are 100% efficient and no one can beat the IRR. See you in 12,003. P.S. My 600th irrelevant posting.
I have many things to say on this subject that's why I will defer to another day perharps this we so hold on (if I don't forget the thread )
I don't have to pretend anything, you on other other hand appeared to have to, until I burst your bubble. And while you are "trading and investing", I want you to know just how much I appreciate your efforts b/c they are paying for my new sports car.
What the @#$ was that about? I have no idea what you are talking about and it bears no resemblence to the truth whatsoever. Mind sharing your "sources"?