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is that market’s best guess at each built into” stock’s current price. Therefore, unless rest of market (unlikely) or more lucky, there there no prudent investing strategies it just means that fundamental strategy of buying stock in companies which e.g., a specific stock or a specific process. Unfortunately, both theory (Efficient Market Hypothesis) experience outperforming a relevant market index. Indeed, can only ANY individual stocks. Efficient Market Hypothesis. Indexing refers to asset allocation. Asset Allocation. Market Timing refers to a

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