The notion that actual capital markets, such as the TSX, are fairly priced is called the:

Name: The notion that actual capital markets, such as the TSX, are fairly priced is called the:
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The Efficient Markets Hypothesis (EMH) posits that stock prices fully reflect all available information, implying that securities are always traded at their fair value on exchanges like the TSX, making it impossible to consistently achieve higher than average returns through expert stock selection or market timing.

The Notion That Actual Capital Markets, Such as the TSX