I feel like this version of EMH is already a consensus replacement (of the EMH found in textbooks) among the finance people that I know, but it is possible that I am speaking from within a very small bubble. Anyway, I think your formulation is well-stated and useful.
I feel like this version of EMH is already a consensus replacement (of the EMH found in textbooks) among the finance people that I know, but it is possible that I am speaking from within a very small bubble. Anyway, I think your formulation is well-stated and useful.
Good to hear, appreciate the comment.