A Thought Or Two
Level 4 - WAGMI 2.0
Do you have a friend who likes betting and would like to sharpen his/her action? Help them on their path by sharing the BowTiedBettor Substack. Win and help win!
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?