Is Efiicient Market Hypothesis theory valid?
I would like to conclude that the Efficient Market Hypothesis (EMH) may be invalid in practice though EMH theory in its weaker form (as it falls more in line with the Contrarian theory) might be true, but I would like to have more evidence in the form of consistent performance over a longer time horizon (eventhough there are more than 30 trades in the trading period evidenced by me which makes the results obtained during that period statistically significant from Expectancy point of view.) Tharp says: People are always looking for the “real” secrets of trading success, but their mental biases always have them looking in the wrong places and at the wrong things. Consequently, they search for magical trading systems with 75% accuracy or better or for great entry systems that they think will help them pick the right stock. Picking the right stock has nothing to do with success and neither does the accuracy of your stock picking. I strongly disagre with the above statement. Half of investi
