If the Financial Markets Are Efficient, Then

Multiple Choice

If the financial markets are efficient, then:

A) your investment return is highly dependent upon your security selection.
B) holding a diversified, low-cost, passively-managed portfolio is probably your best investment strategy.
C) you should adopt an investment strategy based on market timing.
D) having a professional manager who actively trades your portfolio is most likely your best
E) you should hire a professional money manager, regardless of the cost to do so.