There are many different types of inefficiencies that may arise in the short-term, and there are plenty of funds that very skillfully capture them. But they're all constrained by how much of their capital they can trade before they're the ones moving the price.
Jim Simons makes 80% a year from his fund but he still has to find boring ways to invest that extra money because it can't go back into the fund.
The beauty of diversified buy and hold is that it allows investors to stay invested to reap the benefits of compound growth. Over a long period of time EMH does hold up pretty well.
Jim Simons makes 80% a year from his fund but he still has to find boring ways to invest that extra money because it can't go back into the fund.
The beauty of diversified buy and hold is that it allows investors to stay invested to reap the benefits of compound growth. Over a long period of time EMH does hold up pretty well.