Question: Under Para's EMH (Efficient Market Hypothesis), markets are fully efficient and price in all relevant information, public and private, at all times. In line with

Under Para's EMH (Efficient Market Hypothesis), markets are fully efficient and price in all relevant information, public and private, at all times. In line with this, there is no ability for investors to outperform the market and make true "alpha". even if the investor has access to inside information.

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