1. Discuss efficient market hypothesis, EMH . What is its implication for investing?
2. Assume you believe in the EMH and you have $1,000,000 for investment, how would you invest this $1000,000 at this point of time (Fall 2020? And how you would monitor your investment?)

Hint: Given your risk tolerance and yourage, first you need to decide the percentage of various asset classes for your $1000,000. Once you have decided the percentage of each asset class ($ amount of each asset class) then you need to choose various securities for that asset class. (Again, assuming you believe in EMH). Asset classes are cash, bonds (long, intermediate, and short duration), equity (Domestic, International, Emerging, large, mid, and small cap), commodity (Precious metal, metal, Energy, agricultural, soft), and Art.