The efficient market hypothesis (EMH) is a hypothesis that states that share prices reflect all information and consistent alpha generation is impossible. Write a 4-page assay on whether you believe that EMH holds and investors benefit from investing in a low-cost, passive portfolio or, on the other hand, you believe that EMH does not hold and it is possible to beat the market since stocks can deviate from their fair market values. Use the essay to explain by presenting evidence that support your believe.
