If Markets follow the week form of market efficiency, skilled managers using fundamental analysis should be able to consistently outperform the S&P 500, while managers using technical analysis should not be able to consistently outperform the S&P 500 over time? True/False

Assume markets are semi-strong efficient. About 60% of the 5000+ fund managers consistently underperform the S&p 500 net of fees and transaction costs. The 40% that outperform must have used insider information to achieve such results. True/False

In the strong-form, its impossible for stock managers to outperform the S&P 500 in any given year? True/False

If markets are semi-strong efficient, then only the smartest and most skilled fundamental analysts would be able to find bargains and outperform the S&P 500 over time. True/False Investors holding a diversified portfolio will earn a return commensurate with the portfolios total risk. True/False

If markets follow the weak form of market efficiency, then all mutual fund managers will outperform the S&P 500. True/False

Microsoft, Apple, Google and Facebook have delivered returns in excess of their CAPM return over time. This is a violation of EMX. True/False