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Simple Explanation of the No-Free-Lunch Theorem and Its Implications https://t.co/rvpbepM84N
Simple Explanation of the No-Free-Lunch Theorem and Its Implications https://t.co/rvpbepM84N
This holds an interesting parallel with trading strategies.. "The no-free-lunch theorem .. [tells] us that a general-purpose, universal optimization strategy is impossible." In other words, without specialisation, we can't hope to trade successfully. ht