Accounting for fees, it’s actually a lot worse than you wrote, see here: https://forum.effectivealtruism.org/posts/8c7LycgtkypkgYjZx/agi-and-the-emh-markets-are-not-expecting-aligned-or?commentId=LmJ6inhSESoJGyWjQ
Accounting for fees, it’s actually a lot worse than you wrote, see here: https://forum.effectivealtruism.org/posts/8c7LycgtkypkgYjZx/agi-and-the-emh-markets-are-not-expecting-aligned-or?commentId=LmJ6inhSESoJGyWjQ