The _____ suggests that it is difficult to outperform the market on a risk-adjusted basis.

Name: The _____ suggests that it is difficult to outperform the market on a risk-adjusted basis.
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The Efficient Market Hypothesis (EMH) suggests that it is difficult to outperform the market on a risk-adjusted basis because all available information is already reflected in stock prices, making it challenging to find undervalued stocks or predict market movements consistently.

The _____ Suggests That It Is Difficult to Outperform the Market