An investment theory called the efficient market hypothesis (EMH) claims that it is impossible to outperform the market, and therefore, stocks always trade at a fair value. An important assumption of EMH is that all investors make decisions ration...
An investment theory called the efficient market hypothesis (EMH) claims that it is impossible to outperform the market, and therefore, stocks always trade at a fair value. An important assumption of EMH is that all investors make decisions ration...