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Efficient-market hypothesis - Wikipedia

https://en.wikipedia.org/wiki/Efficient-market_hypothesis
Category: Public Facilities Service Equipments/n e s  
The efficient-market hypothesis (EMH) is a theory in financial economics that states that asset prices fully reflect all available information. A direct 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.

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