Do you feel that the Efficient Market Hypothesis does an adequate job of explaining how the stock market functions?
According to the efficient market hypothesis it is not possible to beat the market because efficiency in the stock market since existing share prices always incorporate and reflect relevant information. The stocks trade at their fair price and you cannot buy underpriced stocks or sell overpriced stocks. In short the investor cannot outperform the market through selection of stocks or timing of entering and leaving the market. ...
This answer offers cogent arguments relating to Efficient Market