I think there are two ways to read this article. “Markets are inefficient and you can often beat them” or “most systems are fairly broken and you can usually outperform the average person a lot by just using your brain”.
I think the second hypothesis is true. I think the first hypothesis is probably not. Most people can’t generate market beating returns and are better off investing in index funds.
I think there are two ways to read this article. “Markets are inefficient and you can often beat them” or “most systems are fairly broken and you can usually outperform the average person a lot by just using your brain”.
I think the second hypothesis is true. I think the first hypothesis is probably not. Most people can’t generate market beating returns and are better off investing in index funds.