What are the implications of the efficient market hypothesis


Problem

A. What are the implications of the efficient market hypothesis (EMH) for investors who buy and sell stocks to beat the market, explain. I'm looking for application of course material vs a definition.

B. Critically evaluate the following statement: Playing the stock market is like gambling. Such speculative investing has no social value, other than the pleasure people get from gambling. Do you agree or disagree? Why or why not? Again you must tie in with Chapter Concepts

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Finance Basics: What are the implications of the efficient market hypothesis
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