Yeah. Just as I think honest economists are aware of & careful about these

myths (supporting them…

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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.

By John Ohno on September 6, 2017.

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Exported from Medium on September 18, 2020.