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efficient-3

Original: efficient-3 on Saturday Morning Breakfast Cereal

Transcript

Panel 1:
A woman with blonde hair, gesturing toward a small line chart on a screen or board, speaks to a man standing with his hands clasped.
Woman: "Yes, technically he killed half of all life, but you can see from the stability of housing prices that the market expects all that to be undone via time travel."

Caption (below panel): The finance sector knew Thanos would be defeated before anyone else.

Votey:
Text only, in a hand-lettered box:
"I feel there is a very bad senior thesis to be written on whether the efficient market hypothesis disproves time travel, except perhaps in the case of Warren Buffett."

Alt text

A single-panel comic. A blonde woman points at a small line graph and explains to a clasped-hands man: "Yes, technically he killed half of all life, but you can see from the stability of housing prices that the market expects all that to be undone via time travel." The caption reads: "The finance sector knew Thanos would be defeated before anyone else." The joke is that an efficient market, by keeping prices stable, implicitly predicts the snap will be reversed. Votey (aftercomic): a text-only box reading: "I feel there is a very bad senior thesis to be written on whether the efficient market hypothesis disproves time travel, except perhaps in the case of Warren Buffett."

Transcribed by Claude Opus 4.8.