| Efficient
Market Hypothesis - EMH |
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An investment theory which states it is impossible to beat the market
because prices already incorporate and reflect all relevant information.
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This
is a highly controversial and often disputed theory. Supporters of
this model believe it is pointless to search for undervalued stocks
or try to predict trends in the market through any technique from
fundamental to technical analysis.
Related to the "Random Walk Theory".
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Dictionary
