The first rule of investing: Once a trading strategy has become public knowledge, it will no longer be profitable.
This is in fact an immediate consequence of one of the weaker forms of the efficient markets hypothesis. It is also enough of an empirical regularity that trading strategies constitute privileged information in the financial industry.
For this reason, I do not find this result surprising.
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First rule of investing
Filed under: Brief Comments | Tags: Commodities, Markets |
The first rule of investing: Once a trading strategy has become public knowledge, it will no longer be profitable.
This is in fact an immediate consequence of one of the weaker forms of the efficient markets hypothesis. It is also enough of an empirical regularity that trading strategies constitute privileged information in the financial industry.
For this reason, I do not find this result surprising.
Like this: