According to the efficient markets hypothesis, who is most likely to benefit from frequently moving funds from one asset to another?

Question

Quizplus · Accepted Answer

The efficient markets hypothesis suggests that all known information is already reflected in asset prices, making it difficult for investors to consistently outperform the market through frequent trading. Therefore, the party most likely to benefit from frequent trading is your broker, due to the commissions and fees generated from each transaction.

According to the Efficient Markets Hypothesis, Who Is Most Likely