[grey-area]

you can drain the market of its capital based on your proven theory and your inside track on the truth

irrational != predictable ∴ markets cannot be accurately modelled

the EMH is true, but that the present equities market can't reliably demonstrate this fact because of widespread cheating

real markets != efficient and real markets != fair ∴ EMH is false for real markets

[magnusjonsson]

Side remark: Please don't use equality and inequality like that. How can a noun and an adjective possibly be equal? They aren't even the same word class. Just use english "is" and "is not" to connect your nouns and adjectives。

[bitcuration]

true? (is == equality)

don't think so.