Abstract–The Efficient Market Hypothesis and the Value of Traditional Security Analysis

Robert D. Rieke

Journal of Financial and Quantitative Analysis, 1975, vol. 10, issue 4, 537-537

Abstract: The efficient market hypothesis implies that the issuance of market information is quickly, reflected in price changes and that the opportunity to profit from its content is highly improbable. This hypothesis has encouraged empirical research, and based on the consensus of evidence, the value of traditional security analysis is strongly questioned. Despite the rigor of these analyses the argument against traditional security analysis remains behaviorally and theoretically limited.

Date: 1975
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