IDIX – JP Sommadossi in the ML webcast (in progress) just reiterated the argument in #msg-14403420 in reply to a question about Tyzeka resistance from the audience.
I find it astonishing that JD does not emphasize this point more forcefully, Evidently, many investors and even some analysts do not get it.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”