irrational != predictable ∴ markets cannot be accurately modelled
the EMH is true, but that the present equities market can't reliably demonstrate this fact because of widespread cheating
real markets != efficient and real markets != fair ∴ EMH is false for real markets
don't think so.
irrational != predictable ∴ markets cannot be accurately modelled
the EMH is true, but that the present equities market can't reliably demonstrate this fact because of widespread cheating
real markets != efficient and real markets != fair ∴ EMH is false for real markets