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@ -16,7 +16,8 @@
<br>
* the efficient-market hypothesis (EMH) is a hypothesis in financial economics that states that asset prices reflect all available information.
* ab implication is that it is impossible to "beat the market" consistently on a risk-adjusted basis since market prices should only react to new information.
* an implication is that it is impossible to "beat the market" consistently on a risk-adjusted basis since market prices should only react to new information.
* however, the market may take months, years or decades to adjust 😉
<br>