What part or kind of investment in the stock market has a, Financial Management

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What part or kind of investment in the stock market has a

1. In the very long history of the stock market, which part of it does the experts considers the "most efficient"?

2. Does market for small stocks qualifies as an EMH(efficient market hypothesis) as compared to big company stocks?

3. What part or kind of investment in the stock market has a very "efficient" market?

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