Blog — Efficient Market Hypothesis RSS

Many investors (and even many investment professionals) think it’s possible to reliably beat the market by timing the movements of stock prices. And they are always on the lookout for that “smartest guy in the room” who will consistently outperform the market indices. To be clear, academic research reveals how very unlikely it is for...

People have been asking me this question since 1982 when I passed my test to become a “registered representative” with a regional stock brokerage firm, a member of the New York Stock Exchange. Though my firm had an exceptional training program, I really didn’t know very much as a 25-year-old rookie stockbroker. Still, the Dow...