Hi FF could you clarify:
1. The EMT means that everyone knows everything, and our share price is correct and cannot be undervalued at any point, and share price increases will reflect new announcements or Information.
Or
2. if everyone did their own research the EMT would hold, but as people don’t, there will be an increase in share price to reflect the increase in knowledge and therefore the share price can be undervalued.
70c, page-14
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