Yeah. Just as I think honest economists are aware of & careful about these myths (supporting them only with caveats), I think some of the more introspective people working in finance also “get it” & see the risks. I wouldn’t expect that would make them perform better than chance but I would expect them to avoid pitfalls that would normally cause other traders to perform worse than chance — so if they’re actually doing better than chance (rather than, say, tracking the market) that’s interesting.

Resident hypertext crank. Author of Big and Small Computing: Trajectories for the Future of Software. http://www.lord-enki.net

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store