Explore the concept of market efficiency, the Efficient Market Hypothesis (EMH), its forms, implications for investors, and criticisms. Learn how market efficiency shapes investment strategies.
Explore the concept of market anomalies, their implications for the Efficient Market Hypothesis (EMH), and how investors can potentially exploit these patterns for excess returns. Delve into examples such as the momentum effect, small-cap effect, and value effect, and understand the challenges in consistently profiting from these anomalies.