First, the efficient market hypothesis assumes that all investors perceive all available information in precisely the same manner.

FORBES: by Jason Van Bergen

As Mauboussin points out, the Paradox of Skill is a concrete way to describe the efficient market hypothesis.

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And yet I am not so won over by Bogle's thinking that I subscribe to the efficient market hypothesis.

FORBES: Magazine Article

The efficient market hypothesis (EMH) maintains that all stocks are perfectly priced according to their inherent investment properties, the knowledge of which all market participants possess equally.

FORBES: by Jason Van Bergen

With the recent explosion in behavioral finance and the shattering of our absolute trust of the efficient market hypothesis, Shiller explains Dodd-Frank and regulators in general is still lacking in recognizing our new understanding of the financial landscape.

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Secondly, under the efficient market hypothesis, no single investor is ever able to attain greater profitability than another with the same amount of invested funds: their equal possession of information means they can only achieve identical returns.

FORBES: by Jason Van Bergen

Thirdly (and closely related to the second point), under the efficient market hypothesis, no investor should ever be able to beat the market, or the average annual returns that all investors and funds are able to achieve using their best efforts.

FORBES: by Jason Van Bergen

Both Mr Merton and Mr Scholes adhered to the efficient-market hypothesis that the prices of financial assets always affect all available information.

ECONOMIST: Business books (4)

The Efficient Markets Hypothesis (EMH) says that markets are efficient at processing information about what prices should be in a market.

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