Market efficiency
The core debate over whether prices already reflect everything you know, and why that question decides which edges can exist.
| Citation | Paper | Access | Difficulty | Score |
|---|---|---|---|---|
| Lo (2004) | The Adaptive Markets Hypothesis: Market Efficiency from an Evolutionary Perspective Journal of Portfolio Management | Free | Moderate | 0 |
| Fama (1991) | Efficient Capital Markets: II Journal of Finance | Paywalled | Moderate | 0 |
| Fama (1970) | Efficient Capital Markets: A Review of Theory and Empirical Work Journal of Finance | Paywalled | Moderate | 0 |