If you believe the stock market is informationally efficient, then it is a waste of time to engage in fundamental analysis.

Name: If you believe the stock market is informationally efficient, then it is a waste of time to engage in fundamental analysis.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

In an informationally efficient market, all available information is already reflected in stock prices, making it impossible to achieve consistent excess returns through fundamental analysis or any analysis based on publicly available information.

If You Believe the Stock Market Is Informationally Efficient, Then