Strong form of the EMT

Definition:

Theory that market prices reflect all relevant publicly and privately available information. Defined by Eugene F. Fama in 1970.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Noninsured plans

Defined benefit pension plans that are not guaranteed by life insurance products. Related: Insured plans.

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