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Submitted URL: https://columnalerts.cmail20.com/t/d-l-fbtiil-tkneihc-t/
Effective URL: https://www.wsj.com/articles/amc-ape-preferred-stock-11661529225
Submission: On August 30 via api from US — Scanned from DE
Effective URL: https://www.wsj.com/articles/amc-ape-preferred-stock-11661529225
Submission: On August 30 via api from US — Scanned from DE
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Illustration: Alex Nabaum By Jason Zweig Aug. 26, 2022 11:55 am ET Print Text 35 Your browser does not support the audio tag. Listen to article Length (1 minute) AD Loading advertisement... 00:00 / 01:25 1x This article is in your queue. Open Queue Forget about EMH, or the efficient market hypothesis. What we need is SMH: the simian market hypothesis. Under the EMH, market prices of assets like stocks and bonds reflect all available information. Under the SMH, market prices reflect whatever homo mercans—the ape who trades—happens to feel like paying attention to. CONTINUE READING YOUR ARTICLE WITH A WSJ MEMBERSHIP SUMMER SALE €2 PER MONTH FOR 1 YEAR View Membership Options Already a member? Sign In RESUME SUBSCRIPTION We are delighted that you'd like to resume your subscription. You will be charged $ + tax (if applicable) for The Wall Street Journal. You may change your billing preferences at any time in the Customer Center or call Customer Service. 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