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Theefficientmarketshypothesis(EMH)arguesthatmarketsareefficient,leavingnoroomtomakeexcessprofitsbyinvestingsinceeverythingisalreadyfairly ...,Inbrief,EMHstatesthatinanefficientmarket,stocksincorporateinstantlyallpubliclyavailableinformationuseful...
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Theefficientmarkethypothesis(EMH)isimportantbecauseitimpliesthatfreemarketsareabletooptimallyallocateanddistributegoods,services,capital, ...
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