有效市场理论(emh)认为,有效金融市场中的证券价格总是可以充分体现可获信息变化的影响。
According to the efficient market hypothesis (EMH), the stock prices can reflect the information promptly in the efficient stock market.
毕竟,他们的模型说,金融市场总是有效的。
After all, their models said that financial markets were always efficient.
实际上,最有效的纪律存在于外部的金融市场。
In reality, the most effective discipline has been external-the financial market.
In general, less volatile stocks have done better over time than more volatile stocks, which is somewhat inconsistent with the notion of efficient markets.
一般来说,波动小的股票在长期内比波动大的股票,表现要好,一定程度上,这和金融市场有效论的观点是相悖的。
If some of the things they predict don't come true, the theory has to be disregarded and there are many, many, many counter examples to financial market efficiencies.
如果预测的一些事情并没有成为现实,那么这些理论就会被摒弃而且我们也有很多,很多,与金融市场有效论相反的例子。
used to be absolutely received economic wisdom that financial markets were efficient.
金融市场是有效的,这曾经是被完全接受的经济学真理。
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