What’s LessWrong’s collective mind’s opinion on efficient markets hypothesis? From Facebook feed I vaguely recall Eliezer being its supporter, it also appeared in some of the Sequences. On the other hand, there is a post published here called A guide to rational investing, which states that “the EMH is now the noble lie of the economics profession”.
I have a well-read layman’s understanding of both the hypothesis and various arguments for and agains it and would like to know what this community’s opinion is.
Why exactly would you like to avoid paying someone for hosting? It seems like a good candidate for a service to be outsourced.