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If markets are semi-strong form efficient, should you earn a profit (on average) from investing? A. No, if markets are efficient, that means you can't
If markets are semi-strong form efficient, should you earn a profit (on average) from investing?
A. No, if markets are efficient, that means you can't find a way to trade that earns a profit. You should just own an ETF.
B. Yes, because you should still earn a risk premium.
C. It depends. You might be able to earn a profit if you use illegal inside information.
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