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Which statement is NOT true regarding efficient markets (EMH) and behavioral finance (BHT)? Biases cause investors to make systematic mistakes according to BHT EMH+BHT explains

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Which statement is NOT true regarding efficient markets (EMH) and behavioral finance (BHT)? Biases cause investors to make systematic mistakes according to BHT EMH+BHT explains market volatility and why equity investors consistently lose money Investors cannot "beat the market" except via better information according to EMH Investors become "anchored" to certain viewpoints according to BHT Securities are normally in equilibrium and "fairly priced" according to EMH

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