A world where the Efficient Market Hypothesis is strongly real is a world without the idea of the tooth fairy.
As a child, everyone inevitably fiddles around with their first loose tooth until the story of the tooth fairy is heard. Upon learning of the benefits, you make a swift decision to grab some string and loop it around that tooth and tie the other end to a door handle. Patiently you would wait for someone to open that door, but in most cases you kick the door open yourself so you can collect that tooth, a symbol of benefit and take it to your bed at night to claim your reward from the tooth fairy.
Going to school is just like that time you fiddled with that tooth, not knowing what to do with yourself, until one day, you find out about the rewards that can be reaped from attending a university and collecting a degree, so just like that time you looped a piece of string to your tooth, you enrol in a finance degree at university.
Enduring the anxiety, stress and pain as you slowly progress through the years and before you know it, wham, the door is open and you have collected your degree.
Armed with your finance degree you enter the financial world to offer your services as an enthusiastic financial analyst that is willing to learn the techniques and methods to achieve great rewards for your time spent as an undergraduate.
Unfortunately, this is a world where the efficient market hypothesis reigns and you find that all the techniques such as technical analysis, charting and information collection are useless in helping you analyse and beat the markets to provide an incentive to prospective employers.
You are left with an unsettling realisation that your years of study have become redundant and that there is no money under your pillow.
As a child, everyone inevitably fiddles around with their first loose tooth until the story of the tooth fairy is heard. Upon learning of the benefits, you make a swift decision to grab some string and loop it around that tooth and tie the other end to a door handle. Patiently you would wait for someone to open that door, but in most cases you kick the door open yourself so you can collect that tooth, a symbol of benefit and take it to your bed at night to claim your reward from the tooth fairy.
Going to school is just like that time you fiddled with that tooth, not knowing what to do with yourself, until one day, you find out about the rewards that can be reaped from attending a university and collecting a degree, so just like that time you looped a piece of string to your tooth, you enrol in a finance degree at university.
Enduring the anxiety, stress and pain as you slowly progress through the years and before you know it, wham, the door is open and you have collected your degree.
Armed with your finance degree you enter the financial world to offer your services as an enthusiastic financial analyst that is willing to learn the techniques and methods to achieve great rewards for your time spent as an undergraduate.
Unfortunately, this is a world where the efficient market hypothesis reigns and you find that all the techniques such as technical analysis, charting and information collection are useless in helping you analyse and beat the markets to provide an incentive to prospective employers.
You are left with an unsettling realisation that your years of study have become redundant and that there is no money under your pillow.
