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Dec 2010 Q4 d

This topic has 4 replies, 2 voices, and was last updated 6 years ago by John Moffat.

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December 7, 2015 at 12:33 pm #288467
yushanshan
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Hi sir,
I have trouble understanding ” in a semi strong form efficient market, information available to directors is more substantial than that available to shareholders.” I just wonder the reason.
December 7, 2015 at 12:42 pm #288471
yushanshan
- Topics: 84
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I also wonder the reason why SEMI STRONG market is mentioned here rather than other form.
December 7, 2015 at 12:47 pm #288475
John Moffat
Keymaster
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The directors will have (for example) knowledge of future plans and access to budgets for the future, that shareholders do not have.

Semi-strong is the most commonly mentioned because that is the level of efficiency that is assumed to be the case currently in most developed stock exchanges.
December 7, 2015 at 12:53 pm #288478
yushanshan
- Topics: 84
- Replies: 70
Thanks
December 7, 2015 at 4:24 pm #288568
John Moffat
Keymaster
- Topics: 57
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You are welcome 🙂
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