A Thought Or Two
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When we first set up the Substack, one of the primary reasons was to sharpen our action. & being forced to map those latent thoughts hidden in the back of our heads into well crafted explanations has indeed been a clever trick [as noted by many before us] to perfect our edges.
Don’t misinterpret this as us being against the act of letting thoughts exist without further inspection. Definitely not. To be fair, in 99 % of the cases the time spent on deeper knowledge for an arbitrary niche question will yield zero. Nada.
& there’s some magic removed when certain concepts are made into 'study material'. Love to have a thought hanging around for a while [or forever] until the time has come for it to be handled properly…
Warning: This post could come along as somewhat disorganized. Much of the content is a direct function of a late night thought process, a process that gets bored to death by organization. Love to read organized posts. Hate writing them. How lucky we don’t have to read our own posts! :)
Thought A [Market efficiency]
Seen a lot of brain dead arguments [mainly by data enjoyooors] 'supporting' market efficiency. Everywhere. All the time. Excellent example of how repetitive & boring people are in general [everyone parrots & circulates what others are saying & travels through knowledge, devoid of context].
So, what is market efficiency?