It's a common misconception that an efficient market must be a random walk — the actual condition is that it's driven to be a martingale, where the EV in the future is equal to the current value. This market is a classic example of such non-random walk martingale behavior.

发布时间: 2024-12-30 20:10:17

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It's a common misconception that an efficient market must be a random walk — the actual condition is that it's driven to be a martingale, where the EV in the future is equal to the current value. This market is a classic example of such non-random walk martingale behavior.
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4天前由 Peter Schmidt-Nielsen 提交

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It's a common misconception that an efficient market must be a random walk — the actual condition is that it's driven to be a martingale, where the EV in the future is equal to the current value. This market is a classic example of such non-random walk martingale behavior. 时政 ( twitter.com )

时政

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Seventy-five years ago today, NATO was created as a regional multilateral alliance for common defense against a common threat from the USSR. Seventy-five years later today, much of the world faces a new, more formidable common threat from communist China. It's time for free… 时政 ( twitter.com)

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“F you, you white a^s bit^ch!” This young girl was on her way to Trump’s rally, until these 2 thugs beat her up & one films it, all for being a Trump supporter! This boils my blood! 时政 ( twitter.com)

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It's a common misconception that an efficient market must be a random walk — the actual condition is that it's driven to be a martingale, where the EV in the future is equal to the current value. This market is a classic example of such non-random walk martingale behavior.
时政
( twitter.com )

Seventy-five years ago today, NATO was created as a regional multilateral alliance for common defense against a common threat from the USSR.
Seventy-five years later today, much of the world faces a new, more formidable common threat from communist China. It's time for free…
时政
( twitter.com)

Seventy-five years ago today, NATO was created as a regional multilateral alliance for common defense against a common threat from the USSR.
Seventy-five years later today, much of the world faces a new, more formidable common threat from communist China. It's time for free…
时政
( twitter.com)

Three topics for this week: 1. China stops foreign adoption of abandoned children; 2. Xi’s “common prosperity” scheme leads to sweeping crackdown on investment bankers; and 3. A 0:7 loss to Japan in a soccer match stirs xenophobic outburst—why and how to cure it.
时政
( twitter.com)

Why does this drivel have 16 thousand likes
Everyone else in the region (hell not even just the continent but it was common across BOTH Americas) also performed human sacrifice and anyone with a cursory knowledge of the region should know this
时政
( twitter.com)

Stealing from trains is now a common occurrence in Chicago: insane.
时政
( twitter.com)

1000 days of bravery, defiance and courage.
1000 days of beating the odds.
1000 days of standing together, as brothers and sisters.
As one family that shares a common future.
We will continue to #StandwithUkraine.
For as long as it takes.
#SlavaUkraini 🇪🇺🇺🇦
时政
( twitter.com)

QwQ 32B is one of the models I’d want downloaded if I lost internet. Here it is streaming from my laptop to my phone at 15 tok/s.
This model is competitive with o1-mini in a few domains. Wild that you can serve it to your whole network from a laptop.
时政
( twitter.com)

Brain coral is a common name given to various corals in the families Mussidae and Merulinidae.
有趣
( twitter.com)

“F you, you white a^s bit^ch!”
This young girl was on her way to Trump’s rally, until these 2 thugs beat her up & one films it, all for being a Trump supporter!
This boils my blood!
时政
( twitter.com)