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The Trades of March 2020 (guests: Alex Gurevich, Kuppy & Mark Moss)

The Market Huddle

CHAPTER

The Efficient Market Theory Breaks Down Like Newtonian Mechanics

Efficient market theory is the idea that markets are full of rational people who buy and sell things because they choose to. I think a normal market, at least when it comes to something like active stock management on people pick stocks. That is normal market environment. Same thing in physics. Basically, if you use netonian mechanics to build bridges, to fly planes, to shoot guns, to, i don't know, whatever, play baseball,. It actually works as this is all normal environment. And i think there kind of understanding the regime with markets is really broken.

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