3.Strong Form All available information is reflected in prices. Can professionals,mutual funds,or pension funds outperform the market? On average funds earn market returns before expenses,lower than after expenses. Invest in Forbes'honour roll -1%below market 1515 3. Strong Form Strong Form ƒ All available information is reflected in prices. – Can professionals, mutual funds, or pension funds outperform the market? • On average funds earn market returns before expenses, lower than after expenses. • Invest in Forbes’ honour roll – 1% below market