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Hi sir, i would like to ask regarding this question
An investor who bases all his investment decisions on information he has gathered from published statements and comments on company plans and performance , is acting as if he believed that the maximum level of efficiency of the capital market is weak form.
I would like to ask for confirmation whether published statement is consider as past information not a publicly available information which would be semi-strong form efficient.
Thank you in advance sir 🙂
Published statements are past information and publicly available information. If this was the only information being considered then it would be weak-form efficient.
If investors are also using extra information such as comments on the companies future plans, then it would be semi-strong form.
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