Question: If the U.S. stock market is efficient, how do you explain the fact that some people make very high returns? Would it be more difficult

If the U.S. stock market is efficient, how do you explain the fact that some people make very high returns? Would it be more difficult to reconcile very high returns with efficient markets if the same people made extraordinary returns year after year?

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Earning high returns in an efficient market is like winning at roulette In any random process there ... View full answer

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