The efficient market hypothesis is a lie.

Not wrong. A LIE. Built to keep you passive. To make you believe secrets don't exist, alpha is dead and your job is to buy index funds and rot.

I was skeptical from day one and bet my career against it.

When I started trading, I struggled for 3 years to find alpha. And then it clicked. The money started pouring in. Month on month. Year on year.

And we weren't unique. Met others printing money the same way. Some making orders of magnitude more than us.

This wasn't luck. It was secrets. Edges hidden in plain sight. Known to a few, in a market that was supposed to be solved.

Financial markets are war. Millisecond execution. Infinite liquidity. Geniuses trying to slit each other's throats for a single basis point.

Competition should eliminate profit. That's the theory.

We found monopoly returns anyway.

Even in the most violent arena on Earth, secrets exist. You just have to look.
Now think about what that means for everything else.

THE BUSINESS WORLD IS A JOKE.

I've seen inside everything from SMEs to conglomerates. It's embarrassing. Critical systems running on spreadsheets from the colonial era. Decisions made on vibes. Six-week-old data. Entire departments that exist because firing them would be "political". Multiple redundant humans in a loop.

Markets bleed inefficiency in basis points. Businesses bleed it in multiples of their cost structure.

My own shop was the same. Our trading systems were sharp. Our business operations were garbage. Embarassing levels of inefficiency compounding in the background while I stared at algorithms.

So I torched it. Fired everyone except the few people who mattered. Made it into what it should have been from day one.

Efficiency isn't natural. Chaos is. Efficiency is a hard-earned function of violence.

Markets work because if you're slow you die. Capital doesn't care. It executes the weak.

Corporate operations have no predator. No selection pressure. A sanctuary for mediocrity to compound for decades.

THIS IS THE ARBITRAGE.

Everyone's fighting over scraps. SaaS. Consumer apps. Crypto. Bloodbaths. Margins going to zero.

Meanwhile the entire operational layer of the global economy just sits there. Unoptimized. Uncontested. Boring. Waiting to be taken.

Bring a quant mindset to that and you won't find 10% gains. You'll find monopoly.

EMH is a cage.

Opportunities are everywhere. In markets. In business. In the gap between what institutions pretend to be and what they are.

Most people won't see them. They've been trained not to look.

The game isn't solved.
It's barely started.