If the security markets are truly efficient,there is no need to pay for help selecting securities.

Question

Quizplus · Accepted Answer

If the security markets are truly efficient, all publicly available information is already reflected in the prices of securities. Therefore, it would be difficult, if not impossible, for investors to consistently outperform the market by selecting individual securities. In such a scenario, paying for help in selecting securities would not provide any additional benefit.

If the Security Markets Are Truly Efficient,there Is No Need