Is the efficient market hypothesis bullshit?

[Hard Boiled]

A lot of insider trading happens which makes me believe it is bunk.

Opinions please.

 

[fipafa1700]

Yes, EMH is bullshit, the "hard" version of it is complete nonsense. The "soft" version may be true but there are studies and situations which disprove it. Behaviour of stocks post-earnings (PEAD) disproves it.

 

[Hard Boiled]

Yes, EMH is bullshit, the "hard" version of it is complete nonsense. The "soft" version may be true but there are studies and situations which disprove it. Behaviour of stocks post-earnings (PEAD) disproves it.

So anarcho capitalism is infeasible then.