From the Perspective of the Theory of Efficient Markets, Explain

question 91

Essay

From the perspective of the theory of efficient markets, explain why it may be difficult for professional portfolio managers who have an exceptional year to continuously outperform the market average.

---

Definitions:

Defamation

The act of damaging someone's reputation by making false and harmful statements.

Defamation Actions

Legal claims brought for harm done to an individual's or entity’s reputation through false statements.

Special Proof

Evidence that is distinct or unique to a particular issue or case, often required in certain legal situations.

Damages

Monetary compensation awarded by a court to a person who has suffered loss or injury as a result of the action or inaction of another.