Stallion's EMH?

Alaric · Post by **Alaric** » Sat Jun 20, 2009 3:08 pm

Stallion, would you say you believe in an "efficient talent analyzation hypothesis" vis a vis finance's EMH? A description of EMH is pasted below...essentially no actors can outperform the herd.

In finance, the efficient-market hypothesis (EMH) asserts that financial markets are "informationally efficient", or that prices on traded assets (e.g., stocks, bonds, or property) already reflect all known information, and rapidly change to reflect new information. Therefore it is impossible to consistently outperform the market by using any information that the market already knows, except through luck. Information or news in the EMH is defined as anything that may affect prices that is unknowable in the present and thus appears randomly in the future.

Nacho · Post by **Nacho** » Mon Jun 22, 2009 10:42 am

Are you saying we should get an index fund of players?

jtstang · Post by **jtstang** » Mon Jun 22, 2009 11:45 am

Or a slush fund for players?

Alaric · Post by **Alaric** » Mon Jun 22, 2009 12:41 pm

jtstang wrote:Or a slush fund for players?

yep - if you reduce his argument down (no one can coach or evaluate talent any better than their peers), then it seems like cheating or having one helluva persuasive recruiting angle would be the only way to excel (like Scott Drew though many say he blurs the rules)

couch 'em · Post by **couch 'em** » Mon Jun 22, 2009 2:15 pm

Once or twice to get things started wouldn't hurt. Just don't go overboard.