If hedge funds can't reliably predict a market crash, why do you think a team of accountants at an Amazon office can? And if they could, why don't they exit their core business and get into trading stocks?
The accountants at Amazon have material non-public information that they can't act on for obvious reasons, but if they know beforehand - for instance - that sales aren't growing as fast as they used to, or that luxury purchases are trending downward, they can forecast that their own price might slump in the next few months.
> hedge funds can't reliably predict a market crash
Hedges can predict a recession is coming, just not the timing. They have been saying it for the last 12 months.
> a team of accountants at an Amazon
Amazon hires ex-bankers to work for them. They aren't a team of accountants. It's a cushy corproate job that many bankers take. It's good to do when you don't want to hustle long hours anymore.
> And if they could, why don't they exit their core business and get into trading stocks?
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