Can someone give a high level crash course on how EMH fits into the whole curriculum? I can memorize the details, but I’m having troubles visualising the purpose of it. Thank you.

lol…i guess just a very basic foundation of purpose of different type of analysis…who cares what is the purpose of it. What’s the purpose of comparing GAAP and IFRS in the curriculum when IFRS will be everywhere by the time we get charter, yet it’s there. It’s just there.

Usually when they ask questions relating to EMH its concerning fundamental and technical analysis…technical analysis defies weak form EMH. Also, they may give you a scenario and ask why this supports or defies a certain type of EMH form (weak, semi-strong, or strong).