Code: 03201021
The key conclusion of the Efficient Markets Hypothesis - the dominant orthodoxy in finance over the past 60 years - is that trying to beat financial markets is a fool's errand. Market prices jiggle about randomly, discounting ... more
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The key conclusion of the Efficient Markets Hypothesis - the dominant orthodoxy in finance over the past 60 years - is that trying to beat financial markets is a fool's errand. Market prices jiggle about randomly, discounting all new information in an all but instantaneous fashion, thereby rendering it impossible to beat the market.
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