Related to (Eliezer Yudkowsky at Less Wrong): An Equilibrium of No Free Energy Related to (Satvik Beri at Less Wrong): Competitive Truth Seeking Follow-up to: Leaders of Men Markets Suppose you have an insight about Google. The efficient market hypothesis says you can't make a profit. Your insight is not a new insight. The market has already priced it in. You know no more about Google's future price than you did before.