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| Topic: |
Business
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| Number of pages / Number of words: |
9 / 2429 |
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This includes not only past price movements but also earnings and dividend announcements, right issues, resignations of directors and so on. Neither fundamental nor technical analysis can be used to achieve superior gains. It also implies that no one should be able to outperform the market using something that "everybody else knows"...
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Not even insider information could give an investor an advantage.
Keane theory
According to the theory
Authentication - The opportunity to exploit inefficiencies should be genuine that is should not arise from some error or mistake or from cheating others. For e.g. because of wrong publishing of some report or document...
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