Markets are unpredictable and efficient from "summary" of Random Walk Guide To Investing by Burton G Malkiel
The idea that markets are unpredictable and efficient is a fundamental concept in investing. This means that it is nearly impossible to consistently predict the movements of the stock market with any degree of accuracy. Even the most experienced investors and analysts struggle to forecast market trends with any certainty. Efficient market theory suggests that stock prices reflect all available information at any given time. This implies that it is extremely difficult, if not impossible, to consistently outperform the market by picking individual stocks. In other words, trying to beat the market by timing stock purchases and sales is a risky and often futile endeavor. Market efficiency also implies that prices adjust rapidly to new information, making it challenging for investors to gain an edge by acting...
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