Aegeus comments on Buy Now Or Forever Hold Your Peace - Less Wrong

21 Post author: Eliezer_Yudkowsky 04 February 2008 09:42PM

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Comment author: Aegeus 11 February 2011 03:17:18AM 5 points [-]

Real stock markets work the same way. If markets really were able to predict the future with perfect accuracy, no bubbles would ever form, and no one would have ever invested in Enron or Lehman Bros or Bernie Madoff. I don't see how you can demand that a market make predictions based on information that doesn't exist yet.