Finance ABC

Welcome back to Finance ABC. I’m your host, Emma Lai, and today we’re diving into a topic that’s both thought-provoking and foundational in finance theory: the Efficient Market Hypothesis, or EMH for short. The Efficient Market Hypothesis is one of those ideas that everyone in finance has an opinion on, from Wall Street pros to academics to everyday investors. It’s a concept that asks a simple question: is it possible to consistently beat the market, or are stock prices always a fair reflection of all available information?