Efficient market hypothesis

The Efficient Market Hypothesis, or EMH, is an investment theory whereby share prices reflect all information and consistent alpha generation is impossible. Theoretically, neither technical nor fundamental analysis can produce risk-adjusted excess returns, or alpha, consistently and only inside information can result in outsized risk-adjusted returns—Read more at Investopedia. Kuepper, Justin. “Efficient Market Hypothesis (EMH) Definition.” 19 February 2019