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RBA Glossary definition for EMH

EMH – Efficient markets hypothesis. The view that security or stock prices reflect all available information and it is impossible for an investor to consistently 'beat the market'.

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Introduction

1 Mar 1995 RDP 9501
Tro Kortian
The formal statement of the mainstream academic position was embodied in the Efficient Market Hypothesis (EMH). , ... and which are clearly contrary to the sort of behaviour implied by the EMH.
https://www.rba.gov.au/publications/rdp/1995/9501/introduction.html
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