Doesn't market efficiency just say that someone is going to be the one to identify the inefficiency and make a ton of money in the process? The market doesn't become efficient unless people do things.
It magically generated about $8000 in a couple of days, and then the market came crashing down and the inefficiency it was exploiting disappeared forever
Pretty **ing frustrating, and it's all the Efficient Market Hypothesis' fault
You should look up the debates that Warren Buffett has had with people about the EMH, it's insane
I'm hoping that whoever snatched this up won't be ready to grab it quickly if it ever reappears someday
There’s a concept called the EMH and I think there’s a very strong tendency in Econ and pop culture to skip ahead and assume the hypothesis is basically true most of the time, often in the face of painfully obvious evidence to the contrary.