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What is the body of evidence that leads you to think you can't exceed a (totally unrelated) benchmark when investing in privately held companies? Can you cite some studies? The reason we know EMH 'works' for public markets is decades of research. What research lead you to a similar conclusion for private markets, can you link some of it here?



I haven't said nor implied that, I've made a nuanced statement, but you seem hell bent attacking some strawman, good luck with that strategy and bye.




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