On Mon, Aug 12, 2019 at 7:39 PM Donna Y <[email protected]> wrote: > Outperform the market or beat the market--the security will produces higher > returns, for a given timeframe than the major market indexes.
Higher than what? Higher than the average? That happens all the time. Higher than the maximum? That's silly, especially if your performance is the current maximum. > The Efficient Market Hypothesis, or EMH, is an investment theory > that share prices reflect all information thus theoretically, > neither technical nor fundamental analysis can produce risk-adjusted > excess returns thus impossible to outperform the overall market > through expert stock selection or market timing. What's "all information"? If it's "all available information" then the claim is meaningless, since any information that's being ignored can be said to be "not available". If it's really "all information" then it's "meaningful but silly", because neither people, nor markets are omniscient. It is something a sleazy salesman might claim though, when he really doesn't have any clue what he's talking about. Thanks, -- Raul ---------------------------------------------------------------------- For information about J forums see http://www.jsoftware.com/forums.htm
