EMH actually claims that sitting down with a blank sheet of paper and gaining an information advantage is impossible, the market prices already incorporated all the public data. I agree that this assumption seems wrong (and the goal of my post was to provide an alternative assumption)
EMH actually claims that sitting down with a blank sheet of paper and gaining an information advantage is impossible, the market prices already incorporated all the public data. I agree that this assumption seems wrong (and the goal of my post was to provide an alternative assumption)