The Efficient Market Hypothesis

The efficient market hypothesis assumes away the institutions of society that can make one type of availability entrepreneur over another. In Australia, for instance, we have two big mastheads, the Australian newspaper, which is owned by Rupert Murdoch's news corp and the Sydney Morning Herald, which is Fairfax. News Corp is sort of right leaning, Fairfax is sort of left leaning as people traditionally understand them. And yet both have interest in the property market. But sorry, please continue.