The efficient market hypothesis I'm in the middle of reading Malkiel's Random Walk Down Wall Street. It's my first book related to investments, and it's been fantastic so far.

However, I want to get an idea for a few opinions and generate some new discussion on the Efficient Market Hypothesis, since it's the antithesis to the all the research analysts and chartists on Wall Street (or even this sub). Is their job as futile as Malkiel makes it out to be - or is there value in pursuing those lines of investing work? Also something interesting - can the EMH be applied to cyrptocurrency markets?