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Originally Posted by mrodock
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If I was a PGA Tour player and they enacted some kind of a rule to limit practice rounds to the week of only, 6 hour rounds, 1 ball hit into the green, I would start playing practice rounds for majors over a year ahead of time and get all the information down so that when I got there the week of the major I would be way ahead of the curve. I would try to purchase a membership for a year if that is anywhere near possible at the prestigious private clubs. For one of the best players in the world even if it is $1 million I would figure it is money well spent, because it's all about the majors.
Matt
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And so it goes,
Matt...and so it goes.
In the financial arena, it is called the
Efficient Market Theory (EMT). That is, any competitive advantage known to the market will soon be used by all and thereby be 'diversified away'.
In other words:
"Nobody goes there anymore...it's too crowded."
--
Yogi Berra
And the bar is raised.
Permanently.