Hacker Read

317070 | karma 4722 | avg karma 7.94 · 2019-05-24 17:54:08+00:00

I think this is indeed nailing it. Companies are inefficient, but they get away with it because the market is even more inefficient.

istjohn | karma 2944 | avg karma 3.22 · 2019-05-24 20:17:58+00:00

I just want to point out that "Companies are inefficient, but they get away with it because the market is even more inefficient." is not at all what GP wrote.

317070 | karma 4722 | avg karma 7.94 · 2019-05-26 21:25:07+00:00

Momentum and delay is a market inefficiency. The most efficient market is instantaneous.